June 2025 Market Update – What’s Happening Out There?
Good news for buyers this month — inventory across our area continues to climb! In May, there were over 18,000 homes on the market (the most we've seen since 2018), which means more options and less competition.
Even though mortgage rates are still hovering around 7%, we’re seeing steady buyer activity — showing appointments were up nearly 17% from April. Prices are holding pretty steady too, with the median home price at $654,995, just slightly down from last year.
Another helpful tidbit: about 70% of current listings qualify for down payment assistance programs — great news if you're looking for a little extra support when buying!
In short: more homes to choose from, steady prices, and plenty of opportunities for buyers who are ready to shop.
Thinking about making a move this summer? Let’s chat! I’m always happy to help you explore your options or answer any questions.
source: Nwmls.com
