August 2025 Real Estate Market Update: 

Is the market rebounding? 

This month’s update comes with a bit of good news—we're starting to see some early signs of a market rebound. Let’s break down the latest numbers and trends from the past 30 days and what they mean for buyers and sellers.

Key Stats from the Last 30 Days

• New Listings: Just over 2,509 homes hit the market
• Closed Sales: 2,060 homes closed escrow
• Pending Sales: 1,701 homes went into escrow
• Expired/Withdrawn Listings: 962 listings were pulled from the market

For the second month in a row, we’ve seen more homes come off the market (sold, pending & expired) than new listings going on the market. 

Market Trends to Watch

• Buyer Activity: Buyer demand is holding steady but still at about half the pace of a normal market. That said, we're seeing slight increases in sales volume compared to May and June.
• Inventory: Inventory had been climbing earlier this year (March through May), but it's now flattening. Fewer homes have been hitting the market since June, a trend that continued into July and August.
• Interest Rates: The average 30-year fixed mortgage rate has ticked down to around 6.5%, with adjustable-rate mortgages (ARMs) coming in as low as 6%. This drop is encouraging buyers to slowly re-enter the market.
• Expired Listings: One of the biggest shifts has been in the number of expired or withdrawn listings, with over 900 last month and 1,000+ the month before. This is reducing available inventory and helping stabilize home values.

Home Values

• According to Zillow, home prices are down about 3% year-over-year.
• However, our local data shows prices as more or less flat.
• If this trend holds, we could end the year at even, which is much better than some feared earlier in the year.

What About AI & The Bigger Picture?

There’s been a lot of buzz about AI and potential impacts on jobs and the economy. The good news? Most experts (and I agree) think AI will enhance productivity and support job growth, not hurt it. So from a real estate market perspective, there are no major economic disruptions on the horizon right now.

Buyer & Seller Advice for August

For Buyers:

• Consider Adjustable Rate Mortgages (ARMs)
  A 6-1 ARM or 7-6 ARM could save you 0.25% to 0.50% on your interest rate. On a $1M loan, that's a $240 or $420 monthly savings.
  These loans have a bad reputation from the past, but many savvy investors are using them today as a strategic tool, expecting rates to fall in the coming years.

For Sellers:

Focus on the 3 P’s to make your home stand out:

1. Price – Price competitively to be the next one to sell
2. Preparation – Make sure the home looks, smells, and feels amazing
3. Pictures – High-quality, professional photography is a must

And of course, the X-Factor:
Hiring the right professional (like someone from our True Local team!) can make all the difference in maximizing your sale price while minimizing time on the market.

 Need Help Navigating This Market?

Whether you're buying, selling, or just exploring your options, now’s a smart time to make a move with the right strategy. Reach out to me or anyone on the True Local team—we’re here to guide you every step of the way.