July 2025 STAT Report

The July 2025 Housing Market Report shows a cooling trend across multiple metrics. Listings fell month-over-month but stayed slightly above July 2024 levels, reflecting modest inventory growth. Both average and median price per square foot posted small declines, signaling continued affordability pressures. Market supply remained stable at 3.9 months, but absorption rates eased to 25.6%, down from last year’s stronger pace. Average and median list prices slipped further, while sales prices declined from prior months, though they remained near year-ago levels. Days on market lengthened, with the average rising to 83 and the median to 63, highlighting slower buyer activity. Overall, the data points to a more balanced yet softening housing market as summer 2025 progresses