Summer Slowdown? Not Quite – U.S. Housing Market Stayed Steady in July - Nick Christopher

The U.S. housing market showed signs of seasonal adjustment in July, with home sales dipping slightly from June but remaining on par with last year’s levels, according to the latest REMAX National Housing Report. While homes took longer to sell and new listings declined month-over-month, inventory levels and prices continued to reflect a stable and resilient market – offering opportunities for both buyers and sellers.

Key Highlights from July 2025:

Home Sales: Sales fell 0.7% from June but were up 0.6% compared to July 2024.
Days on Market: Homes averaged 44 days on the market, up from 37 days a year ago.
Median Sales Price: $450,000, down 1.1% from June but up 2.3% year-over-year.
Inventory: Down 0.8% month-over-month but up 27.7% compared to July 2024.
New Listings: Dropped 2.5% from June but rose 4.4% year-over-year.
Close-to-List Price Ratio: Held steady at 99%, down from 100% in July 2024.

“July’s housing data reflects a market that’s adjusting seasonally,” said REMAX CEO Erik Carlson. “Homes are taking a bit longer to sell, but inventory has remained consistent and prices have held steady. That’s a sign of resilience – and continued opportunity for both buyers and sellers.”

Local Market Insights:

San Antonio, Texas, stood out with a 5.6-month supply of inventory, indicating a more balanced market. Sara Briseño Gerrish, Broker/Owner of REMAX Unlimited, emphasized the importance of local expertise: “Now more than ever, it’s crucial to work with an experienced real estate agent who understands the local market dynamics. This will ensure sellers have a comprehensive pricing strategy and buyers are able to leverage that expertise into a strong offer.”

Markets with notable year-over-year increases in new listings included:

Houston, Texas (+43.0%)
Burlington, Vermont (+22.6%)
Raleigh, North Carolina (+20.9%)

Conversely, Dover, Delaware (-34.6%), Baltimore, Maryland (-28.5%), and Philadelphia, Pennsylvania(-28.0%) saw the largest declines.

Sales Trends:

Top gainers in year-over-year sales: Raleigh, North Carolina (+19.5%), Bozeman, Montana (+17.7%), and Manchester, New Hampshire (+12.4%)
Largest declines: Dover, Delaware (-10.9%), San Antonio, Texas (-10.3%), and Miami, Florida (-6.8%)

Price Movements:

Biggest price increases: Bozeman, Montana (+19.1%), Cleveland, Ohio (+13.0%), and Anchorage, Alaska (+10.3%)
Largest price drops: Burlington, Vermont (-5.0%), San Francisco, California (-4.2%), and Houston, Texas (-3.1%)

What This Means for Buyers and Sellers

For buyers, increased inventory and longer days on market may offer more negotiating power and choice. Sellers, meanwhile, can still benefit from year-over-year price gains and steady demand.

As the market continues to normalize, working with a knowledgeable real estate professional remains key to navigating local trends and making informed decisions.

Written by REMAX News