August 2025 - The July Stats Are In.
Sales momentum improved month-to-month for the third month in a row in June but remained at exceptionally low levels as buyers continued to hesitate amid heightened economic uncertainty and sticky interest rates. As supply levels rose to another record high, annual price declines accelerated. However, despite the weakness in the market, prices have shown a high level of resiliency over the past two years.
Sales Continue to Gradually Improve: Total MLS sales reached their highest point of the year at 6,243 transactions in June, rising 8.1% from May on a seasonally adjusted basis. Compared to a year ago, sales were 2% lower, which was the smallest year-over-year decrease so far this year. Historically, sales were at their lowest June level of the past 25 years, falling 29% below the latest 10-year average. For the first half of 2025, sales were down 18% from 2024.
Active Listings More than Doubled in Past Two Years: New listings continued to trend higher in June, increasing 8% annually to 19,839 homes — the highest June level since 2017 and 11% higher than the 10-year average. This resulted in the number of active listings on the market at month-end reaching another record high at 31,603 homes, up 31% from a year ago and more than double the level from two years ago.
