🏡 Real Estate Market Update – August 11, 2025

The local housing market continues to show signs of stability this week, with prices holding steady and a slight uptick in buyer activity. Whether you’re a homeowner considering selling or a buyer looking for the right opportunity, the current numbers suggest a market that’s balanced and healthy.

Prices Remain Steady

The Median Sales Price stands at $485,000, unchanged from last week, and the Average Sales Price remains at $608,000. This consistency signals that both buyers and sellers are finding common ground in pricing, keeping negotiations straightforward and predictable.

Inventory Sees a Slight Increase

Active single-family residential (SFR) listings have edged up to 7,558, an increase of 8 listings compared to last week. The total number of active properties has risen to 10,643, offering more options for buyers who are actively searching.

New Listings Enter the Market

This week saw 472 new SFR listings and 604 total new properties hitting the market. This fresh supply gives buyers more choices and creates new opportunities for those who may not have found their ideal home yet.

Buyer Activity on the Rise

One of the most notable changes this week is the increase in under contract properties—now at 2,855, up by 100 from last week. This suggests that buyer interest remains strong, with many homes moving into the final stages of the sales process.

Days on Market Hold Steady

The average days on market is holding at 41 days, indicating a consistent pace for sales. This balance is a positive sign—it means homes aren’t sitting too long, but buyers still have time to make thoughtful decisions.

What This Means for Buyers and Sellers

• For Buyers: With prices stable and inventory slightly increasing, this could be an ideal time to make a move. More listings mean more negotiating power and the possibility of finding your perfect home without feeling rushed.

• For Sellers: Buyer demand is still strong, and with more homes going under contract, the market remains competitive for well-priced, move-in-ready properties. If you’ve been on the fence about selling, this balanced environment could work in your favor.

The takeaway?
The market is steady, competitive, and showing signs of continued activity. Whether you’re entering as a buyer or seller, understanding these trends will help you make confident, informed decisions.

📩 Thinking about buying or selling? Contact Lori Smallwood, your trusted real estate agent, for expert guidance and personalized strategies to help you succeed in today’s market.