Housing Market Update

Welcome to the Monthly Market Report for June 2025. We want to give you the insights that you need to help confidently make the best decisions when buying and selling a home.

“We are your real estate advisors” – RRG

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What Every Homeowner Needs To Know In Today’s Shifting Market

Here’s something you need to know. The housing market is getting back to a healthier, more normal place. And even though it may not sound like it, this shift is actually a good thing.

It’s what you should expect. It’s just that our expectations have been skewed by the intense seller’s market over the past few years.

But what you need to remember is: there’s still plenty of opportunity to be had if you’re thinking about selling – whether that’s next month or next year. You just need to stay up to date on what’s happening in the market, and have a strategy that matches the moment. Here’s your update.

1. Inventory’s Up. Buyer Power Is Coming Back.

According to the latest data, the number of homes for sale is rising back toward more normal levels (see graph below):

But inventory growth is going to vary a lot based on where you live.

If you’re in a market where the number of homes for sale is back to normal, buyers may have more sway than you’d expect. That doesn’t mean buyers have all the power – it just means they have more choices, so your home has to stand out.

But if you live where inventory is still pretty limited, you may see more buyers competing for your house.

No matter where you are, the key is to work with a pro who can help you adjust your game plan for your local market.

2. The Right Price Matters More Than Ever

With more homes to choose from, today’s buyers are quick to skip over homes that feel overpriced. That’s why pricing your house right is the secret to selling quickly and for top dollar. That’s a pointRealtor.com really drives home:

“ . . . a seller listing a well-priced, move-in ready home should have little problem finding a buyer.”

Miss the mark, though, and you may have to backtrack. Today, about 1 in 5 sellers (19.1%) are reducing their asking price to attract buyers (see map below):

Here’s how to avoid being one of those sellers who has to reduce their asking price. Danielle Hale, Chief Economist at Realtor.com, says:

“The rising share of price reductions suggests that a lot of sellers are anchored to prices that aren’t realistic in today’s housing market. Today’s sellers would be wise to listen to feedback they are getting from the market.”

The best way to get that information? Lean on your local agent. They have the expertise to set a price that sells in any market. Because if your price isn’t compelling, it’s not selling.

3. Flexibility Wins Negotiations

Gone are the days of buyers waiving inspections and appraisals just to get a deal done. Now, because they have more homes to choose from, buyers are able to ask for things like repairs, credits, and help with closing costs. And data from Redfin shows nearly 44.4% of sellers are willing to negotiate (see graph below):

The takeaway? This isn’t a bad market. It’s just a different one. And it’s in line with more normal years in the housing market, like back in 2019. The savviest sellers are the ones taking advantage of every opportunity to work with buyers and make their house shine.

And it’ll help if you think of concessions as tools, not losses. Use them to bridge gaps, sweeten deals, and get across the finish line.And don’t stress. Since prices went up roughly 55% over the past five years, you’ve got plenty of room to make a concession or two and still come out ahead.

Just be sure to work with your agent to understand which concessions could be the key to sealing the deal.

Bottom Line

Sellers who are going to succeed in the weeks and months ahead are the ones who understand this market shift and lean into it with the right expectations and the right strategy.

Let’s talk about what’s working in our local area right now – and how we can make those wins work for you whenever you’re ready to make a move.

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June 2025 Residential Real Estate Market Summary

The June 2025 residential real estate market is marked by a significant shift toward increased inventory and a more balanced dynamic between buyers and sellers. For the first time since winter 2019, active listings have topped 1 million, representing a 31.5% year-over-year increase. This surge in inventory is most pronounced in the West and South, where supply has effectively returned to pre-pandemic levels.

Buyers now have more options than they’ve had in years, and sellers are responding with greater flexibility on pricing. However, higher mortgage rates continue to dampen demand, leading to longer days on market—median days have risen from 35 in May 2021 to 51 in May 2025.

Price reductions are becoming commonplace: 36% of sellers reduced their asking price at least once, and 44% of homes sold below the original asking price. This trend highlights a disconnect between seller expectations—still anchored to the highs of recent years—and current buyer sentiment. As a result, sale-price growth is decelerating even as list prices remain elevated. The market is signaling that sellers, rather than buyers, are more likely to adjust their expectations in the coming months.

Expired listings are up 17.6% year-over-year, and over a third of these homes have been relisted, with 70% of relisted properties eventually selling—most at a lower price than before. This underscores the importance of realistic pricing and strategic guidance from experienced agents.

Despite the inventory gains, the market still faces a long-term housing deficit. At the current pace of construction and household formation, it would take 7.5 years to close the housing gap.

👉👉👉 In summary, the June 2025 market is more favorable for buyers than in recent years, but sellers who adapt quickly to current conditions—by pricing competitively and responding to market feedback—are best positioned for success. Expert advice and a clear-eyed approach to pricing are critical in this evolving environment.

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Download your Housing Market Update for June 2025 below 👇

Monthly Market Report – June 2025 Download

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