







Orange County, CA
Los Angeles, CA
Riverside/San Bernardino, CA
Sacramento, CA
Riverside, San Bernardino
El Dorado, Placer, Sacramento, Yolo
San Diego San Diego
San Francisco, CA
Miami, FL (Single Family-Detached)
Miami, FL (Townhomes/Condos)
Orlando, FL
Metro Atlanta, GA
Joe Gummerson
Alameda, Contra Costa, Marin, San Francisco, San Mateo Anh Pham
Broward, Miami-Dade, Palm Beach (Single Family-Detached)
Broward, Miami-Dade, Palm Beach (Townhomes/Condos)
Eddie Blanco
Eddie Blanco
Lake, Orange, Osceola, Seminole Joe Doher
Cherokee, Clayton, Cobb, Coweta, Bartow, Dekalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Rockdale
NIkki Crowder
Tallahassee, FL
Tampa Bay, FL
Chicago, IL
Baltimore, MD
Gadsden, Jefferson, Leon, Wakulla
Hernando, Hillsborough, Pasco, Pinellas
Peter Chicouris
Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, Will Kirby Pearson
Anne Arundel, Baltimore, Carroll, Harford, Howard, Queen Anne’s
Melanie Gamble
So. Maryland, MD Prince George’s, Montgomery, Charles, Calvert Melanie Gamble
Detroit, MI
Minneapolis, MN
St Louis, MO
Newark, NJ
Lapeer, Livingston, Macomb, Oakland, St Clair, Wayne Sherri Saad
Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, Wright Scott Rodman
Crawford, Franklin, Jefferson, Lincoln, St. Charles, St. Louis, Warren Cathy Davis
Essex, Hunterdon, Morris, Somerset, Sussex, Union Nick Verdi
Hudson Valley / Catskill Region, NY
New York, NY
Dutchess, Ulster,Orange, Putnam, Sullican, Rockland, Westchester, Columbia
Naussau, Suffolk, Queens (presented in separate charts)
Las Vegas, NV Clark
Philadelphia, PA
South Central, PA
Lehigh Valley, PA
Dallas, TX
Houston, TX
Seattle/Tacoma, WA
Washington, DC
Bucks, Chester, Delaware, Montgomery, Philadelphia
Adams, Berks, Cumberland, Dauphin, Lancaster, Lebanon, York
Allentown, Bethlehem, Easton
Collin, Dallas, Denton, Ellis, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, Somervell, Tarrant, Wise
Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller
King, Pierce, Snohomish
District of Columbia
Yovino
Brandy White Elk
Mitchell Cohen
Mark Rebert
Mark Rebert
Sharon Bartlett
Derek Montes
Ed Laine
Melanie Gamble
AUGUST 2025
Additional Market Data: The month of August saw a dip in interest rates, which has increased buyer interest. Some cities still have a slower price growth, after a period of significant gains. The luxury coastal market segments remain strong. Especially in Dana Point, Laguna Beach. Newport Beach. Costa Mesa & Huntington Beach are still seeing price appreciation and a strong demand, for turnkey homes. The Orange County Housing market, favors Buyers overall. New listing inventory is down slightly. But, the number of homes on the market is higher than this time, the previous year.
AdditionalMarketData:Augustshowedacooler,morenegotiablemarketinLosAngelesCounty comparedwithJuly.Activelistingsedgeddownto53,148from53,973(down1.5percent),whilenew listingswereflatat6,806.Monthsofsupplyroseto14from13,reflectingslowerabsorptionasclosed salesdeclinedto3,885from4,267(down9.0percent).Thelist-to-salespriceratioslippedto82percent from86percent,givingbuyersmoreroomtonegotiate.Mediansalespriceeasedto905,000from 929,000(down2.6percent),evenastheaveragelistpricetickedupto1,646,802from1,623,426(up1.4 percent),suggestingsomeselleroptimismdespitesofteroutcomes Averagedaysonmarketlengthened to43from41,indicatingamoredeliberatepace. Forsellers,pricingpreciselyandleaninginto presentationandconcessionswillmattermorethismonth.Forbuyers,selectionremainsstrongand negotiationleverageimproved,especiallyonhomesthathavebeenonthemarketlonger
Augustsaw17newREOpropertieslistedand17REO’ssold,withtrusteesalesyielding243rd-party purchasesand68wentREO
Additional Market Data: In August 2025, the Riverside–San Bernardino–Ontario metro continued its shift from red-hot to cool-headed Inventory climbed, signaling more breathing room for buyers after years of squeeze Active listings count increased, while 25% of listings carried price reductions a sharp rise indicating growing seller flexibility. Meanwhile, Riverside entered buyer’s-market territory, with 6.1 months of housing supply, giving buyers leverage previously unavailable. Add rising delisting’s and longer time-on-market into the mix, and you’ve got a market that’s patiently waiting for buyer demand to catch up. Sellers are recalibrating, and opportunities are opening up.
Additional Market Data: The Sacramento regional market continues to show signs of balance as we move through August. Median sales prices are holding steady, with Sacramento County near $522K and regional averages around $635K. Inventory has increased slightly, pushing supply to 2.5–3.5 months depending on the county. Average days on market rose to about 46 days, reflecting longer buyer decision times. List-to-sale price ratios remain strong, averaging 97–98%, though some areas like Placer are trending closer to 96% as buyers negotiate more aggressively. Contributing factors include rising inventory, seasonality, and buyers pausing in anticipation of potential interest rate adjustments Wellpriced homes in desirable locations still move quickly, while properties needing updates or with condition issues face more pushback. Overall, the market is steady but slightly softening, requiring sellers to remain competitive on price and presentation to capture buyer attention.
Additional Market Data: In August, San Diego County’s housing market showed further signs of cooling. Active listings dropped by about 400 homes, with a noticeable number of sellers delisting their properties after struggling to attract offers at their asking prices. New listings were also down by a couple hundred, an unusual trend during what is typically peak selling season in August. Both the average list price and the median sales price declined slightly, reflecting softer buyer demand rather than a dramatic shift. Days on Market increased from 28 to 32 days, highlighting the slowdown in showings and contract activity. Overall, the numbers point to a market where affordability pressures and cautious buyers are limiting momentum, while sellers are increasingly facing decisions about whether to reduce prices, wait it out, or step back from the market altogether.
Information provided for this market by Joe Gummerson at Joseph Gummerson, Broker. Cell Phone: 619-347-7027 | Email: joegummerson@gmail.com
Additional Market Data: The overall inventory across these counties increased significantly, this increase in supply provided buyers with more options. However, despite the rise in inventory, closed sales saw a slight decline indicating that while buyers had more choices, the overall market activity did not correspondingly increase. The median sale price for single-family homes remained relatively stable, with slight fluctuations across the counties. Prices in some areas like Marin and San Mateo continued to experience upward pressure due to limited supply. The average time on the market for homes varied, with many properties selling quickly in desirable areas, while others lingered longer, particularly in less sought-after locations. Single-family homes remain competitive, contrasting with the challenges faced by the condominium sector. Overall, the data suggests a market characterized by increased inventory and stable prices, with mixed sales performance across the five counties.
Information provided for this market by Anh Pham at SkyGroup Realty Inc. Cell Phone: 650-380-6364 | Email: anh@skygrouprealtyinc.com
Additional Market Data: The Miami MSA single-family market stayed steady in August, keeping its balanced feel. Active listings remained elevated and months of supply held near the low sixes, so buyers still have more options than earlier in the year. New listings slowed a bit as some sellers wait for fall, while closed sales were flat to slightly lower, which is typical late-summer behavior. The median sales price hovered around recent levels, with selective buyers focusing on well-located, move-in-ready homes. Sellers are still landing in the mid-94 percent range of list to sale, but price cuts are common when properties miss on condition or pricing. Days on market edged up slightly as buyers take more time to compare. Affordability and higher rates continue to temper demand, yet steady inbound migration and stable local employment help support pricing, especially in desirable neighborhoods. Homes priced right and presented well continue to draw solid attention, while over-ambitious listings sit longer and require adjustments.
Additional Market Data: The Miami MSA condo and townhome market remains firmly in buyer’s territory, though signs of stabilization are emerging after months of decline. August ended with 31,408 active listings and an 11.9-month supply, slightly lower than July. New listings held steady at 5,040, while closed sales inched up to 2,739, showing modest absorption. The median sales price eased to $320,000, and sellers averaged 91.7% of list price as buyers continued to negotiate aggressively. Average days on market improved significantly to 68 from July’s 104, suggesting that sharper pricing is helping move inventory
A clear bifurcation persists: well-managed newer condos and buildings with strong budgets and reserves are seeing steadier demand and quicker sales, while older properties with deferred maintenance, pending assessments, and underfunded reserves continue to struggle in attracting financing and qualified buyers. Financing challenges under SB 4-D, rising insurance premiums, and tighter lender scrutiny are amplifying this divide. Still, the stabilization in supply, sales, and days on market may point toward the market finding a firmer footing heading into the fall.
Additional Market Data: In August, the Orlando real estate market showed signs of stabilization, with 15,247 active listings and a 6.1-month inventory level, indicating a shift toward a balanced market. Homes averaged 93 days on market, giving buyers more leverage. Employment remained strong, with 23,900 new private sector jobs added year-over-year, particularly in leisure, hospitality, and healthcare, while the unemployment rate held at 3.9%, slightly above last year but still below the national average. Orlando’s cost of living index sits at 99.3, slightly below the national average, with housing and healthcare costs remaining relatively affordable despite rising grocery and transportation expenses. The foreclosure rate in Florida was 1 in every 2,420 housing units, ranking 2nd nationally, but Orlando has largely avoided this trend, thanks to strong home equity and sustained demand. Distressed sales such as foreclosures and short sales in the Orlando metro are down 51% compared to two years ago, reflecting the region’s resilience. Overall, Orlando continues to offer a healthy mix of inventory, job growth, and affordability, making it a compelling market for both buyers and investors.
Additional Market Data: Inventory is still increasing, and days on market are still increasing. REOs are increasing but not affecting the market yet. Prices have not declined significantly, and the median price is still increasing, but that is mostly due to new home sales.
Additional Market Data: The Chicago housing market showed signs of late-summer cooling in August 2025. Active listings held steady at 15,609, while new listings declined to 12,695, reflecting both seasonal slowing and cautious seller activity. The average list price eased to $442,728 from July’s $454,905, indicating some softening in seller expectations as buyers faced affordability pressures. Median sales price also dipped slightly to $368,000, but homes are still commanding strong offers, with the list-to-sales price ratio at 99 14% Closed sales fell to 8,855 from 9,425 the prior month, consistent with tighter inventory and rising borrowing costs. Notably, average days on market climbed to 34 from 29. Overall, the market remains competitive but is starting to balance as inventory builds and buyers take a little more time.
Additional Market Data: In the month of August 2025, Buyers are gaining more negotiation power with slower sales and increased inventory. Active listings are more competitive with location and condition for pricing power, with so much redevelopment and renovated properties coming available since last year’s storm and flood damages. The market is transitioning from lower values to more stabilized values as the market declined in the last 12 months to slower declines and more stabilization in the Tampa Bay area. Pricing and marketing strategies come into bigger decisions to get the property priced to sell and open to the correct buyer pool. Offers are consistently coming in as low as 10% below asking. Sellers that negotiate well NOT to lose the buyer, are coming out on top with higher values in the long run due to the constant price reductions.
Additional Market Data: The market continues to stabilize as we move through the third quarter of 2025. Inventory has increased from last year, giving buyers more choices, though supply still trails historical norms. Sellers can achieve favorable outcomes, but buyers now hold greater negotiating power than in previous years. Demand for single-family homes in established, school-driven submarkets remains strong. Well-priced, move-in ready properties continue to attract multiple offers, while overpriced listings are experiencing extended days on market.
Additional Market Data: Higher interest rates are keeping borrowing costly, limiting what buyers can afford and slowing demand as some wait Prices are still rising (4%+), but wages aren’t keeping pace, squeezing first-time and lower-budget buyers. Inventory hasn’t surged, but modest increases and longer days on market suggest sellers face tougher negotiations, with fewer quick offers Seasonal summer listings add supply, but cooling demand means homes linger longer, pricing is more sensitive, and sales volumes ease.
Looking Ahead: Expect modest cooling in competition buyers may gain some leverage, though it’s not yet a buyer’s market. Sellers will need more realistic pricing and wellprepared homes to attract offers. Price growth may slow if rates stay high and affordability continues to strain buyers.
Additional Market Data: Southern MD is seeing a modest uptick in active inventory and new listings, giving buyers more choice, slowing sales, and lengthening days on market. Calvert is outperforming with strong YoY price growth, likely due to its appeal as a rural/exurban option with reasonable commute access. Prince George’s and Charles are flatter, with stable prices, slower growth, and more seller competition. Longer days on market across the region show buyers are cautious, gaining negotiation power, and pushing sellers to price realistically or make updates. Much of the median price growth is driven by higher-end sales, lifting overall medians more than entry-level. Looking ahead, price growth may slow unless rates drop or incomes rise. Sellers of modest homes or in less desirable areas may need concessions on price and condition. Buyers should see more leverage, particularly where inventory has increased, though Calvert may continue to post stronger gains as demand shifts outward from DC for affordability and space
Additional Market Data: The market across Southeastern Michigan has shown a steady pace with continued buyer demand, though higher interest rates have led to longer marketing times and more selective buyers. Well-priced, move-in ready homes continue to receive strong activity, often selling quickly with multiple offers, while properties in need of repair or with deferred maintenance are experiencing slower absorption and require price adjustments to attract attention. Inventory levels have increased compared to last year, giving buyers more options and reducing some competitive pressure. Sellers are finding that accurate pricing and property condition are the key drivers of activity, while overpricing or poor presentation can significantly limit showings and offers. Overall, the market remains stable, but values are highly dependent on location, property condition, and pricing strategy.
Additional Market Data: Minneapolis, St Paul, Metropolitan area, is seeing prices holding fairly steady. The inventory is still tight with months of supply of 2 months. We are starting to enter the fall market and it appears listings had decreased slightly from July to August. The demand remains steady but is showing signs of softening. Affordability still remains a concern as sellers who locked in at a lower rate are relucent to sell and move so they don't face the higher rates. Overall the market is still holding strong in this area.
Additional Market Data: There was a marked increase in active listings and a drop in closed sales. The median sales price fell back to numbers resembling prior months making last month appear to be an anomaly. The average list price also fell. Overall, it would suggest that homes that were off market due to being under contract are back on the market. There is no clear reason for why this happened, whether it be buyer's remorse, concerns over market trends, interest rates, stock market, overall job outlook and general affordability challenges but there is some concern and rumblings heading into what could be another harsh winter and holiday season in the next few months.
Additional Market Data: The North Jersey housing market in August 2025 remains firmly tilted toward sellers, though dynamics vary by county Inventory is tight, with months of supply ranging from just 1.6 in Somerset and Morris to under 3 in Sussex well below the 5–7 months that indicate balance. This scarcity continues to drive competitive conditions: homes sold quickly, averaging just about a month on the market, with Sussex moving in as little as 22 days. Buyers are bidding aggressively, as reflected in sale-to-list ratios averaging 103%–108% in counties like Essex and Morris. Median sales prices remain elevated $600K+ in many areas underscoring strong demand, particularly for single-family homes in commuter-friendly counties. Rising interest rates haven’t significantly cooled buyer appetite; instead, limited new listings constrain options, fueling multiple-offer scenarios and pushing sales above asking. The result is a market characterized by low supply, steady demand, and continued upward pressure on prices, especially in higher-demand Essex, Morris, and Somerset counties
Information provided for this market by Nick Verdi at Lifestyle International Realty. Cell Phone: 973-769-1009 | Email: nickreo@aol.com
Additional Market Data: The Hudson Valley market stayed active in August with 3,906 listings and 1,435 new listings. The median sales price was $626,250, while homes sold at 101.4% of asking in an average of 37 days. There were 1,513 closings. Westchester led with a $1.1M median and just 26 DOM, while Rockland followed at $780K Orange and Ulster were more affordable at $485K, though DOM was longer at 41–49 days. Dutchess posted a $525K median, and Putnam a strong $667,500 despite being a smaller market. With just under 4 months of supply, the region remained a seller’s market with competition strongest in Westchester and Rockland.
Catskills Region – August 2025Sullivan County offered a contrasting picture. There were 691 listings and 173 new listings, with a $425K median sales price Homes sold for 97% of list in 51 days, with 77 closings. Supply stood at 9.8 months, well above the Hudson Valley average, marking a buyer’s market where inventory outpaces demand. Prices remain attractive compared with the Hudson Valley, appealing to value seekers and second-home buyers, though the slower pace reflects less urgency in the Catskills.
Information provided for this market by Lee A. Raphael at River Realty Services. Cell Phone: 914-474-8146 | Email: LRaphael@riverrealty.com
Additional Market Data: As we begin to move out of summer into the Fall Market, we are seeing changes with the buying behavior. All the talk of interest rate drops have some people waiting on the sidelines. While our market remains steady, buyers are feeling empowered to re-trade and negotiate for items that were a non issue a short while ago. Increased fallout is now more mainstream than ever before. While many say our market is still steady and strong, I see otherwise. There’s no question that values have relaxed; buyers have come more aggressive and sellers agitated as we move into year end. I suspect that this will increase.
Additional Market Data: As we begin to move out of summer into the Fall Market, we are seeing changes with the buying behavior. All the talk of interest rate drops have some people waiting on the sidelines. While our market remains steady, buyers are feeling empowered to re-trade and negotiate for items that were a non issue a short while ago. Increased fallout is now more mainstream than ever before. While many say our market is still steady and strong, I see otherwise. There’s no question that values have relaxed; buyers have come more aggressive and sellers agitated as we move into year end. I suspect that this will increase.
provided for this market by Todd Yovino at Island
516-819-7800
Additional Market Data: As we begin to move out of summer into the Fall Market, we are seeing changes with the buying behavior. All the talk of interest rate drops have some people waiting on the sidelines. While our market remains steady, buyers are feeling empowered to re-trade and negotiate for items that were a non issue a short while ago. Increased fallout is now more mainstream than ever before. While many say our market is still steady and strong, I see otherwise. There’s no question that values have relaxed; buyers have come more aggressive and sellers agitated as we move into year end. I suspect that this will increase.
Additional Market Data: We continue to see an increase in new listings coming onto the market; however, homes are remaining active for longer periods, with many undergoing price reductions. Sales activity has also begun to slow slightly. Current conditions favor buyers, as elevated inventory levels provide more options and greater negotiating power. Inventory has risen to approximately four months’ supply compared to the previous month.
Additional Market Data: Philadelphia area market shows signs of weakening in August. After remaining resilient through the spring and summer, sales and listings were lower in August, suggesting that both buyers and sellers are becoming more cautious. There were 3,758 sales in August across the 5 county Philadelphia metro area, a drop from last August. Despite falling mortgage rates, new pending sales were also lower Listing activity in August, the number of new listings across the Philadelphia region was lower than it was last year. As market activity eased, price growth also slowed in August. The median sold price last month was $445,780 which is also lower than the previous month. Rising affordability challenges are becoming a major constraint in the Philadelphia metro area housing market. Homes are taking longer to sell, and buyers are holding back, even as mortgage rates have edged lower Further drops in mortgage rates, along with slower price growth, could improve affordability and bring more buyers into the market this fall.
Additional Market Data: A record number of new listings hit the market in August but that didn’t slow down sales. The monthly supply even got lower, indicating strong buyer demand. Lower interest rates have helped fuel closings which, on average, are still occurring for above asking price The most growth continues to be in homes sub $400k Even distressed homes are selling more quickly and for more money with the highest REO Sold Price per SqFt in over 16 months. REO sales are still infrequent and are not adversely affecting the overall market. HUD continues to have the largest portfolio of for sale distressed properties in the area. This data covers the York, Harrisburg, Lancaster, and Reading Pennsylvania Markets
Additional Market Data: The market is starting to stabilize after record months. Inventory is still extremely low with sellers having the upper hand in negotiations. REO sales are minimal. This data covers the Allentown–Bethlehem–Easton metropolitan areas.
AdditionalMarketData:Overall,AugustinDFWshowsthemarketeasingoffthefrenetic paceofpreviousyears:moreinventory,longersellingtimes,smallpricedeclines,and clearernegotiatingpowerforbuyers Activeandnewlistings,aswellastheaveragelist pricedroppedagainthismonth. Homesarealsostayingonthemarketlonger roughlyone weeklongerthaninAugustof2024.Withelevatedinventory,sellersarelessabletopush throughaggressivepriceincreases.Somedownwardpressureonmedianpricesisevident. Mortgagerateshavefallensomewhat,reachingtheirlowestfortheyear,whichhelpsmake buyingmorefeasible(thoughstillchallenging).Evenwithbetterratesandmoreinventory, buyerdemandremainssubdued manyarewaitingforfurtherpricereductionsorbetter financialconditions.
Additional Market Data: The Houston residential real estate market in August 2025 showed signs of cooling. Active home listings across Greater Houston reached record highs, rising about 38% year-over-year, which pushed inventory levels up significantly. Median single-family home prices slipped roughly 3% compared to last year, and sales volumes were slightly lower, with homes staying on the market longer. This combination of higher inventory and softer demand offered a modest boost to affordability, as slightly lower mortgage rates and price corrections made it easier for more households to qualify for a median-priced home. Fannie Mae now expects fewer sales this year and in 2026 and only a gradual drop in mortgage rates, with rates projected to land near 6.5% by the year’s end and just above 6% in 2026. Contract fallouts still are happening higher than in previous years with many buyers hopeful interest rates will continue to decrease.
AdditionalMarketData: Here’smytakeonPugetSoundtoday: Inventoryisswellingandnudgingthemarkettowardbalance.NWMLSreports20,219active listingsatAugustmonth-end,up30.8%yearoveryear;monthsofinventoryis~3.19region-wide (King~2.86),sobuyersfinallyhavechoicesandtimetocompare.Ratesareeasing:the30-year fixedaveraged6.50%onSept4,continuingagentledowntrendthat’sre-activatingmove-upand refinanceconversations.Expectmoreshopperstostepbackinasaffordabilityimproves.Alleyes areontheFed:theFOMCmeetsSept16–17.Evenamodestlydovishmessage—orsimplysteady policyalongsidecoolerdata—cankeepmortgageratesdriftinglowerviathe10-yearTreasury channel.TheBottomline?Sellersmustpricepreciselyandpolishpresentation;stalelistingswill seeconcessions.Buyershavenegotiatingroom—considerratebuydownsandquickratelocksto capturedipswhileinventoryremainselevated.
Additional Market Data: Although rates have eased somewhat from their peak, they remain high compared to pre-pandemic norms, which limits purchasing power. Many buyers are waiting for more favorable rates before acting. The surge in new listings is driven partly by federal workforce changes (job cuts, retirements) which push some homeowners into selling. With price per square foot dipping, and median sale price flat, there are signs that pricing power is weakening. Sellers may need to be more competitive, especially in certain neighborhoods or home types. Because of cost pressures (mortgage + property taxes + insurance), some potential buyers are delaying purchases Also, longer market times suggest homes aren’t selling as quickly, possibly due to mismatch between seller expectations and what buyers are willing to pay.
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