June 30, 2025 Real Estate Market Update: Positive Momentum Heading into Summer
As we wrap up June, the real estate market is showing exciting signs of strength and momentum. From increased inventory to rising monthly sales, this week’s update brings encouraging news for both buyers and sellers navigating today’s housing landscape.
💵 Prices Remain Strong and Steady
The median sales price edged up to $486,000, a sign of continued confidence in home values. Despite a slight dip in the average sales price from $639,000 to $635,000, the consistency in pricing reflects a healthy, balanced market—where both entry-level and high-end properties are moving.
🏡 More Homes Available for Buyers
Inventory is growing! The number of active single-family homes rose from 7,448 to 7,492, and total listings are now at 10,491—up from 10,407. This gives buyers more choices and may lead to smoother transactions as competition becomes more manageable.
🚀 Monthly Sales Are Soaring
One of the most promising signs is the substantial increase in homes sold this month. Single-family sales jumped from 1,200 to 1,726, and total properties sold surged from 1,558 to 2,229. These numbers point to a bustling market with buyers eager to make moves and sellers successfully closing deals.
🔁 Under Contract Numbers Remain Solid
Although there was a slight dip in the number of properties under contract—from 3,109 to 3,065—this minor change still represents strong buyer interest. Contracts are being written, and deals are still flowing at a steady pace.
⏳ Homes Continue to Move at a Good Pace
The average days on market increased by just one day—from 36 to 37. This slight uptick suggests that while buyers are taking a bit more time, homes are still selling efficiently in today’s market conditions.
✅ Positive Outlook Moving Forward
With rising sales, solid home values, and more inventory becoming available, the market continues to show positive energy as we move into the heart of summer. Whether you're looking to buy, sell, or invest, now is a great time to explore your opportunities and make informed, confident decisions in this thriving market.
