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MARKET AREAS

AREA COUNTIES INCLUDED PROVIDED BY

Anaheim/Santa Ana, CA Orange

Los Angeles, CA Los Angeles

Riverside/San Bernardino, CA

Riverside, San Bernardino

Sacramento, CA El Dorado, Placer, Sacramento, Yolo

San Diego San Diego

San Francisco, CA

Miami, FL (Single Family-Detached)

Miami, FL (Townhomes/Condos)

Orlando, FL

Alameda, Contra Costa, Marin, San Francisco, San Mateo

Broward, Miami-Dade, Palm Beach (Single Family-Detached)

Broward, Miami-Dade, Palm Beach (Townhomes/Condos)

Lake, Orange, Osceola, Seminole

Tallahassee, FL Gadsden, Jefferson, Leon, Wakulla

Jennifer Blake

Jeff Russell

Monica Hill

Serina Lowden

Joe Gummerson

Anh Pham

Eddie Blanco

Joe Doher

Danielle Galvin

MARKET AREAS

AREA COUNTIES INCLUDED PROVIDED BY

Metro Atlanta, GA

Chicago, IL

Baltimore, MD

Cherokee, Clayton, Cobb, Coweta, Bartow, Dekalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Rockdale

Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, Will

Anne Arundel, Baltimore, Carroll, Harford, Howard, Queen Anne’s

So. Maryland, MD Prince George’s, Montgomery, Charles, Calvert

Detroit, MI

Not Available

Minneapolis, MN

St Louis, MO

Newark, NJ

New York, NY

John Sherwood

Kirby Pearson

Melanie Gamble

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

Naussau, Suffolk, Queens (presented in separate charts)

Todd Yovino

MARKET AREAS

AREA COUNTIES INCLUDED PROVIDED

Las Vegas, NV Clark Brandy White Elk

Philadelphia, PA

South Central, PA

Not Available

Lehigh Valley, PA

Not Available

Dallas, TX

Bucks, Chester, Delaware, Montgomery, Philadelphia Mitchell Cohen

Adams, Berks, Cumberland, Dauphin, Lancaster, Lebanon, York

Allentown, Bethlehem, Easton

Collin, Dallas, Denton, Ellis, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, Somervell, Tarrant, Wise

Mark Rebert

Sharon Bartlett Houston, TX

Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller

Seattle/Tacoma, WA

Derek Montes

King, Pierce, Snohomish Ed Laine

Washington, DC District of Columbia Melanie Gamble

MONTHLY MARKET TRENDS

ANAHEIM/SANTA ANA, CALIFORNIA

MAY 2025

Additional Market Data: In the last month, 45% of homes sold, sold under asking price. 18% at asking price, and 38% as above asking price. Only 5 homes went to auction, and sold at the trustee sale. These homes had several bidders, and pushed the prices up. The market remains strong in Orange County, CA. We are seeing several homes delist. People do not want to lower their sales prices. The overall uncertainty of the economy, and high interest rates, are stalling our listing & sales market.

MAY 2025

MONTHLY MARKET TRENDS

LOS ANGELES, CALIFORNIA

Additional Market Data: In May 2025, the Los Angeles County housing market continued to show signs of normalization, with inventory growth and price adjustments helping to reshape the landscape for both buyers and sellers. Active listings rose slightly to 53,097, reflecting a stable increase in available housing. New listings also ticked up month-over-month to 7,195, suggesting sellers are gaining confidence as the market adjusts Despite this, buyer activity cooled slightly, with 4,082 closed sales, down from 4,236 in April The average list price climbed to $1,778,128, while the median sales price edged up to $935,000, a 3 3% increase from April This indicates ongoing strength in pricing, particularly in desirable neighborhoods However, buyers continued negotiating more aggressively, with homes selling at 77% of list price on average unchanged from April The average days on market decreased modestly to 38 days, suggesting slightly faster sales for well-priced homes Inventory levels climbed to a 13-month supply, up from 12 months in April, giving buyers more leverage and options

REO Default Activity:

The distressed property segment remains active May saw 64 REO properties listed in the MLS and 19 sold Additionally, 48 new trustee sales were recorded, while 35 trustee sales were purchased by third-party investors, continuing the steady flow of foreclosure activity into the Southern California market.

MONTHLY MARKET TRENDS

RIVERSIDE/SAN BERNARDINO, CALIFORNIA

MAY 2025

Additional Market Data: The housing market in Riverside and San Bernardino Counties showed modest improvement in May 2025 Active listings dipped slightly to 18,467 from 18,728 in April, while new listings declined to 807 from 816. The average list price rose to $660,647, up from $615,358, driven largely by an increase in newly developed housing tracts across the Inland Empire. Inventory remains stable with a 5-month supply. The median sales price increased to $576,672 from $569,142 the previous month. Closed sales rose to 2,909, up from 2,623 in April, also due to the influx of new construction activity. Overall, the market remains competitive, with new developments playing a key role in boosting both pricing and sales volume.

MONTHLY MARKET TRENDS

SACRAMENTO, CALIFORNIA

AdditionalMarketData:ThehousingmarketacrossElDorado,Placer,Sacramento,andYolocountiesis showingsignsofstabilization,thoughbuyeractivityremainscautious.Theaveragedaysonmarketis around30days,indicatingabalancedpaceofsales,wherepropertiesareneithersittingtoolongnormoving tooquickly.

Afewcontributingfactorsinclude:

Higherinterestrates,whichcontinuetotemperbuyerurgency

Reducedinventory,particularlyinYoloandElDoradocounties,helpingsupportpricesdespitesofter demand.

Seasonaltrends,asspringandearlysummertypicallyseestrongeractivity.

Smallerhomesizeinrecentsales,especiallyinElDoradoCounty,contributingtoalowercounty-wide mediancomparedtoPlacerandYolo

Buyersarestillactive,buttheyareselective,prioritizingmove-inreadyorwell-pricedproperties.Homes needingsignificantrehabtendtostayonthemarketlongerunlesspricedcompetitively.Meanwhile,sellers areadjustingexpectationsinresponsetoflatteningpricegrowth.

Information provided for this market by Serina Lowden at All City Homes. Cell Phone: 209-304-5841 | Email: serina@serinalowden.com

MONTHLY MARKET TRENDS

SAN DIEGO, CALIFORNIA

Additional Market Data: While active listings increased again in May, new listings remained flat suggesting more homes are sitting on the market. Average list prices inched up, but that hasn’t translated to stronger buyer activity. Although the median sales price rose, it shows lower end Buyer struggles, rather than overall market strength. The list-tosales price ratio moved up to 97%, but this could be due to more aggressive pricing strategies rather than growing demand. Overall, the market appears to be losing momentum. With more inventory piling up and buyer confidence wavering, sellers may need to reset expectations heading into summer.

SAN FRANCISCO, CALIFORNIA

Additional Market Data: As of May 2025, the Bay Area housing market is experiencing a mix of trends. Housing prices have shown moderate growth, indicating a resilient market fueled by persistent demand. This demand is largely driven by the region's robust job market, particularly in the tech sector, where many professionals relocate to the Bay Area for employment opportunities The tech industry (Artificial Intelligence, Cloud Computing, and Cybersecurity Solutions) continues to play a pivotal role in shaping the housing market dynamics. With numerous companies expanding their operations and hiring in the area, the influx of new residents seeking housing has created a competitive environment, particularly in sought-after locations Interest rates have stabilized, making home financing more accessible for buyers, while rental markets also remain competitive. However, there are emerging signs of a potential slowdown in the market. Analysts are beginning to express concerns that escalating home prices, combined with rising living costs, may create affordability challenges for many buyers. This could lead to a decrease in demand, particularly among first-time homebuyers and those with tighter budgets.

Information provided for this market by Anh Pham at SkyGroup Realty Inc. Cell Phone: 650-380-6364 | Email: anh@skygrouprealtyinc.com

MONTHLY MARKET TRENDS

MIAMI, FLORIDA (SINGLE FAMILY-DETACHED)

Information provided for this market by Eddie Blanco at Stratwell. Cell Phone: 305-684-8733 | Email: eddie@stratwellrealestate.com MAY 2025

Additional Market Data: The South Florida single-family housing market continued to cool in the latest month, reinforcing a gradual transition toward a buyer-favorable environment. Active listings rose slightly to 17,719, and months of supply increased to 5.9, a signal that inventory is steadily outpacing demand and edging closer to the six-month threshold typically associated with a balanced market. New listings dipped modestly to 5,190, while closed sales increased to 3,332, showing some transactional resilience. Despite a softening environment, the median sales price climbed to $650,000, marking a slight gain and underscoring ongoing demand for well-located, move-in-ready homes. Sellers are still receiving 94.9% of their asking price, unchanged from the previous month, but the average days on market fell slightly to 39 days, suggesting some urgency remains among motivated buyers, especially in competitive price bands or desirable neighborhoods. However, affordability remains a key issue, with high interest rates continuing to dampen mid-market buyer enthusiasm. The average list price dropped to $887,210, which may reflect early signs of pricing adjustments by sellers responding to market pressure.

MONTHLY MARKET TRENDS

MIAMI, FLORIDA (TOWNHOMES/CONDOS)

Additional Market Data: The condo/townhome market across the Miami MSA (Dade, Broward, Palm Beach) continues to face strong headwinds. Inventory has climbed to 33,888 active listings, with 6,253 new listings in April, pushing months of supply to 12.3, well beyond balanced levels Financing challenges tied to Senate Bill SB 4-D persist, especially for aging buildings with deferred maintenance, special assessments, and underfunded reserves. Median sales price inched up to $340,000, but sellers are averaging just 92.3% of list price, and days on market fell slightly to 57. Buyers remain cautious and have more negotiating power, favoring financially stable communities. Sellers must price aggressively and be prepared to address concerns around building financials, insurance premiums, and reserve studies, which continue to impact lender approvals and buyer confidence. The market favors educated buyers and strategic, transparent selling.

MONTHLY MARKET TRENDS

ORLANDO, FLORIDA

AdditionalMarketData:InMay,over10%ofOrlando’sactiverealestateinventorywasremoved duetoexpiredorwithdrawnlistings,asfrustratedsellers,facinglimitedshowingsandoffers, pausedrelocationplans.Manyretailsellersholdunrealisticexpectationsaboutfairmarketvalue, hinderingsales.Thecondomarketstruggleswithnearly11monthsofinventory.

Insurabilitysignificantlyimpactslistingactivity,withbuyersprioritizingroofandmechanicalsystem conditions.Insurersarecautiousaboutcoveringhomeswithcomponentsover10yearsold.As hurricaneseasonstarts,insurability,structuralintegrity,andfloodzonesincreasinglyguidebuyer decisions.

With30yearsofexperienceinOrlando’smarket,Inotegrowingcautionamongbuyersand investors,reflectedinconservativeoffers.Theaveragelistpriceis$565,902,withamedianof159 daysonmarket,whiletheaveragesoldpricelastmonthwas$505,947—89%oftheaverageactive listprice.Well-pricedlistings,however,sellat98%oftheirlistprice,underscoringtheimportance ofcompetitiveassetpricingforefficientsalesinOrlando’sdynamicmarket.

TALLAHASSEE, FLORIDA

Additional Market Data: All stats are on a downward market trend. Days on market is increasing, inventory increasing, Prices are showing a slight decline in sales. If you move up in price, these stats become even more downward. There are few cash sales due to high prices. Very few investor purchases at this time and even fewer cash purchases. Unfortunately, prices are chasing the downward market and many listings are overpriced for the market.

ATLANTA METRO, GEORGIA

Additional Market Data: The area market continues to see an influx in active listings and the days on market have slightly decreased. The list to sales price ratio has seen a slight increase this month.

MONTHLY MARKET TRENDS

CHICAGO, ILLINOIS

Additional Market Data: The Chicagoland market remained active in May 2025, with inventory and sales both on the rise. Active listings increased 11% from April, and new listings climbed to 14,765. Closed sales rose 10%, while homes sold faster—averaging just 36 days on market.

Prices held steady, with the median sales price up to $375,000 and list-to-sales price ratios reaching 100%. Months of supply ticked up slightly to 1.51, signaling a modest shift but still a seller-favored market. Seasonal momentum, buyer demand, and low relative inventory continue to drive activity.

MONTHLY MARKET TRENDS

BALTIMORE, MARYLAND

MAY 2025

Additional Market Data: The Baltimore MSA is a mix of diverse housing markets. Though geographically close, Baltimore, Howard, Anne Arundel, Harford, and Queen Anne’s Counties each offer distinct living experiences, price points, and market trends. Baltimore County is central, with housing from affordable rowhomes to luxury estates. A median list price near $400K and a 100% MoM inventory increase make it appealing to both first-time and move-up buyers. Howard County leads with a $675K median list price. Known for top schools and high incomes, homes move fast—often within two weeks—in this highly competitive market. Anne Arundel County blends luxury and affordability, from waterfront homes to suburbs. With a $562K median list price, it attracts military, D.C., and Baltimore commuters. Harford County offers suburban-rural value with a $424K median list price. It’s stable and slower-paced, appealing to those seeking space and affordability near job hubs. Queen Anne’s County is rural and niche, with $535K+ prices and longer days on market. It appeals to retirees, secondhome buyers, and those seeking waterfront seclusion.

Information provided for this market by Melanie Gamble at 212 Degrees Realty. Cell Phone: 301-343-8538 | Email: melanie.gamble@212degreesrealtyllc.com

MONTHLY MARKET TRENDS

SO. MARYLAND, MARYLAND MAY 2025

Additional Market Data: Seller’s markets persist in Prince George’s and Calvert, even as listings rise. Strong buyer demand keeps sales brisk and prices near asking. Price trends vary: Montgomery and Prince George’s show 5–9% YoY gains; Charles sees steady 3.5% growth, while Calvert’s signals are mixed. Investor sentiment is shifting. New rent control laws in Montgomery and Prince George’s may curb multifamily development, tightening rental and investment opportunities Local hot spots include Bowie in Prince George’s, one of the region’s most competitive zip codes. In Charles, buyer interest is climbing with rising contracts and sales. Southern Maryland outlook: HUD forecasts balanced market conditions through mid-2026. New home demand in Calvert, Charles, and Prince George’s remains modest, with room for additional construction.

Overall, while mortgage rates ease and inventory expands, seller advantage remains as demand outpaces supply.

MONTHLY MARKET TRENDS

MINNEAPOLIS, MINNESOTA

Additional Market Data: In May, the Twin Cities area housing market saw an increase in active listings. The number of sales also increased. The Summer market is here, and more people are out looking for homes. DOM has been steadily decreasing. There has been a slight decrease in the median sales price, but nothing extreme. Buyers are still looking for homes, and if the house is priced accordingly, it will sell quickly. There is a two-month supply of homes, and the market is still steady.

MONTHLY MARKET TRENDS

ST. LOUIS, MISSOURI

Additional Market Data: There has been an update to our MLS which has caused some inconsistencies in reporting while everyone understands the changes. The numbers still tend to appear to be relatively on trend. All categories appear to be up and the market is thriving. We did experience a significant weather event in north city which leveled blocks of homes from the tornado. The City of St. Louis is reporting over 5000 homes were damaged. That has created a real shortage of affordable housing for low to moderate income families and many remain displaced.

MONTHLY MARKET TRENDS

NEWARK, NEW JERSEY

Additional Market Data: The May 2025 housing market across North-Central NJ counties shows signs of diverging momentum. Strong demand in Essex, Union, and Hunterdon continues to drive homes to sell quickly often above asking reflected in list-to-sale ratios exceeding 100% and median DOM under 35 days Inventory remains tight in Somerset and Essex (1 3–1 7 months supply), keeping sellers in control. However, Morris and Sussex show signs of softening, with longer average days on market (84–113 days) and higher months of supply, possibly due to pricing resistance or slower absorption of higher-end inventory. Union stands out with over 2,000 closed sales in May, confirming its high buyer activity. While prices continue to rise YoY across all counties, some areas may begin to experience affordability ceilings. Overall, the market is active but segmented hot in core commuter zones, cooler in outlying areas

MONTHLY MARKET TRENDS

Additional Market Data: Market demand remains sporadic. Some weeks are busier than others, but overall activity has diminished from this time last year. Concern of having this type of de-acceleration during the peak market season is reason to pay attention. With the current pattern, I would predict more of a downward trend as the summer continues. Inventory, although low, is starting to creep up. Buyers have become much more difficult and timelines starting to expand. Fallout has increased and it appears that we’ll see more of the same.

NEW YORK, NEW YORK - SUFFOLK

MONTHLY MARKET TRENDS

NEW YORK, NEW YORK - QUEENS

Additional Market Data: Market demand remains sporadic. Some weeks are busier than others, but overall activity has diminished from this time last year. Concern of having this type of de-acceleration during the peak market season is reason to pay attention. With the current pattern, I would predict more of a downward trend as the summer continues. Inventory, although low, is starting to creep up. Buyer’s have become much more difficult and timelines starting to expand. Fallout has increased and it appears that we’ll see more of the same.

MONTHLY MARKET TRENDS

LAS VEGAS, NEVADA

Additional Market Data: There has been an increase from April to May in the number of listings placed on the market. While the average days on market have decreased slightly for May, we are seeing properties sit on the market longer in many neighborhoods. We are still seeing price reductions throughout the city as properties are overpriced.

TRENDS

PHILADELPHIA, PENNSYLVANIA

Additional Market Data: The real estate market in the Philadelphia region is a comparison of the urban market versus the suburban market. There continues to be a large number of homes being listed for sale in the city of Philadelphia and the months' supply of inventory of over 4 months is much higher than that of the Philadelphia suburbs. Sales activity and sales prices have been stable, but inventory is on the rise The number of properties listed for Sheriff Sale has increased and REO inventory is increasing. However, the Philadelphia suburbs tell a different story. Although new listings have increased, the number of sales has increased as well, and sales prices continue to appreciate. Average DOM in the suburbs is averaging about 3 weeks and median sales prices have continued to increase in the suburban counties. REO inventory is still low in the suburbs as very few properties are making it through the Sheriff's Sale process The overall market in May has been good, but there are some red flags starting to show within the city of Philadelphia's real estate market.

MONTHLY MARKET TRENDS

SOUTH CENTRAL, PENNSYLVANIA

MONTHLY MARKET TRENDS

LEHIGH VALLEY, PENNSYLVANIA

DALLAS/FT WORTH, TEXAS

AdditionalMarketData: Asnotedinothermarketareas,theDFWmarketisalso experiencingsomechanges. Whileitisstillprimarilyasellersmarket,therehasbeena shifttowardsabuyersmarketinmanyareas.Risinginventorylevelshavecausedmore softeninginpricing.Additionally,buyerscontinuetobecautiousduetomarketand employmentuncertainties.Thenumberofactivelistingsandnewlistingsroseslightly,and theaveragelistpricedroppedagain. Salesarestillstrongandlistpricetosalesprice remainsataconsistent100%.DaysonmarketisdownjustslightlyforMay.TheDFWjob marketissendingmixedsignals. Whilewe’veseenacoolingdownonnewjobsinTexas, theFt.Worthjobmarkethasremainedstrong.

MARKET TRENDS

HOUSTON, TEXAS

Additional Market Data: There has been a notable increase in contract fall out rates and while the scale still shows in seller's favor, it is shifting more towards buyers and is nearly neutral. Houston’s real estate market in May 2025 for SFRs shows signs of a shifting landscape. Inventory has increased, creating more options for buyers and easing competition. Median home prices range from $321K to $346K, with YoY growth between 1–2%, while sales of single-family homes rose 6.8%. Average days on market is up to 36–50 days, and months of inventory sits around 5.2, indicating a balanced-to-buyer’s market. Condos and townhomes continue to cool, with sales and prices declining. Despite varied trends, the market remains stable, with moderate appreciation expected through 2026.

MONTHLY MARKET TRENDS

SEATTLE/TACOMA, WASHINGTON

AdditionalMarketData:ThePugetSoundisseeingInventoryslowlyrise. We’vemovedfrom under2monthsofinventoryto2.434monthssupplyintheSeattleMetropolitanStatistical Area (MSA).Thatshiftgivesbuyersmorechoicesandnegotiatingpower,thoughit’sstillfirmlyaseller’s market.Ioftensaythemarketis“surreal”.MeaningitisaSeller’sMarketbydefinition, but BEHAVINGlikeaBuyer’smarketduetoratesandtariffs.Interestrateshavecreptup intothehigh 6%to~7%rangefor30yearloans,drivenbybondmarketvolatilityandsustainedinflation.That’s squeezedaffordability,slowingsomebuyersbutkeepingpricesstableduetolowinventory.Tariffs onmaterialslikelumber,steel,drywall—andreducedimmigrantlabor—areaddingpressure. New constructioncostsareclimbing,andeconomicuncertaintyiscausingbuyerhesitation.Manyare takinga“waitandsee”posturebeforecommitting.Thebottomlineisthatwe’reinatransitional springmarketwheremodestinventorygrowthisbalancingoutsellermomentum.Ratesandtariff concernshavemutedfrenziedactivity,butwellpriced,moveinreadyhomesarestilltradingabove list—evenwithsomemultipleoffersituations.

MAY 2025

MONTHLY MARKET TRENDS

Additional Market Data: Median list price rose 4 2% MoM ($506/sq ft); detached homes hit a record $850,707 in May. Overall median sale price reached $710K (+3% YoY), with average days on market up to 57. Inventory & Activity: Listings jumped 52.7% MoM (3,381 total), with 1–5+ bedroom gains. Bright MLS reports 41.6% YoY increase in actives and 3.5% rise in pending sales. April’s 5.5 months supply (+22% YoY) signals a market shift. May sales fell 17.6% YoY (571 homes). Multifamily & Rental: The sector stays strong: 96% occupancy (Feb 2025), 3 2% rent growth, and 16K units expected in 2025. Class A/B rentals lead gains, but layoffs and return-to-office trends may slow demand. Rental Trends & Policy: Median rent reached $2,325 (+2.7% YoY); vacancy remains low. A 2.5% rent cap now applies to elderly/disabled tenants. D.C. leads the nation in renter interest (+7% favorited listings); 73K units are rent-controlled

Outlook: High prices and rising supply point to a balancing market. Demand remains solid, but sales slow. Multifamily stays resilient, though policy and labor shifts introduce uncertainty and opportunity.

Information provided for this market by Melanie Gamble at 212 Degrees Realty. Cell Phone: 301-343-8538 | Email: melanie.gamble@212degreesrealtyllc.com

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