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Key Take-Aways:
- The Average Sales Price increased 4% to $377,155 compared to $361,799 over the same period in 2024.
- While homes continue to sell quickly, the Average Days on the Market did decrease slightly, from 34 days to 33 days. That being said, homes that are priced well still sell within the first few days of being on the market.
- The inventory of homes continues to struggle, with an average of only 446 homes/month available for sale (an average of only a ~1.5 months supply).
- While Interest rates dropped .14% to 6.97% according to Mortgage News Daily, they are still significantly higher than they were just a few years ago, which is keeping the market stagnant.
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