Real Estate Market

July 2025

U.S. Real Estate Overview

Note: June 2025 data below are the most recent released by the National Association of Realtors.

Existing-home sales decreased by 2.7% in June, according to the National Association of REALTORS® Existing-Home Sales Report. The Report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales, price, and inventory.
 

National Association of Realtors December 2024 Data

Month-over-month sales declined in the Northeast, Midwest and South and rose modestly in the West. Year-over-year, sales fell in the Northeast and West, while rising in the Midwest and South.
 
"The record high median home price highlights how American homeowners' wealth continues to grow—a benefit of homeownership. The average homeowner's wealth has expanded by $140,900 over the past five years," said NAR Chief Economist Lawrence Yun.
 
"Multiple years of undersupply are driving the record high home price. Home construction continues to lag population growth. This is holding back first-time home buyers from entering the market. More supply is needed to increase the share of first-time homebuyers in the coming years even though some markets appear to have a temporary oversupply at the moment."
 
Total Existing-Home Sales for June
  • 2.7% decrease in total existing-home sales month-over-month to a seasonally adjusted annual rate of 3.93 million.
  • No change in sales year-over-year.
Inventory in June
  • 1.53 million units: Total housing inventory, down 0.6% from May and increased 15.9% from June 2024 (1.32 million).
  • 4.7-month supply of unsold inventory, up from 4.6 months in May and 4 months in June 2024.
Median Sales Price in June
  • $435,300: Median existing-home price for all housing types, up 2% from one year ago ($426,900) — a record high for the month of June, and the 24th consecutive month of year-over-year price increases.
Regional Breakdown
 
Northeast
  • 8% decrease in sales month-over month to an annual rate of 460,000, down 4.2% year-over-year.
  • $543,300: Median price, up 4.2% from June 2024.
Midwest
  • 4% decrease in sales month-over month to an annual rate of 950,000, up 2.2% year-over-year.
  • $337,600: Median price, up 3.4% from June 2024.
 
South
  • 2.2% decrease in sales month-over month to an annual rate of 1.81 million, up 1.7% year-over-year.
  • $374,500: Median price, up 0.3% from June 2024.
West
  • 1.4% increase in sales month-over month with an annual rate of 710,000, down 4.1% year-over-year.
  • $636,100: Median price, up 1% from June 2024.

 

Make Your Offer Count!

Before making an offer on a home in today's competitive housing market, it is more important than ever for home buyers get their financial house in order when applying for a loan.

While there are online resources available that can provide a sense of one's overall financial position, be sure to review your credit report in person with your mortgage professional and get pre-approved for a loan before making an offer on a home.

A little preparation goes a long way and can make a big difference when it comes to closing on your dream home. Contact us today to get the right loan for your current needs!

 

Summer selling opportunities

Sellers, you have an excellent opportunity to sell your home this season if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market today in many places is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell as soon as it could.

An Overpriced Home:
· Minimizes offers
· Lowers agents response
· Limits qualified buyers
· Lowers showings
· Lowers prospects
· Limits financing
· Wastes advertising dollars
· Nets less for the seller

When you are ready, contact us today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!

Contact Information

Photo of John Riggins REALTOR RB11175 Real Estate
John Riggins REALTOR RB11175
John Riggins Real Estate
379 Kamehameha Hwy, Suite G
Pearl City (City & County of Honolulu), HI 96782
808.523.7653
808.341.0737
Fax: 888.369.3210
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