In the second quarter of 2025, the housing market saw 2,041 homes sold, marking a 2.4% increase compared to the 1,994 homes sold in Q2 2024. While this total is 2.6% higher than the three-year average for Q2, it is 5.9% lower than the five-year Q2 average.
Among these sales, 17% closed above the list price, while 44% sold below list price. New construction homes made up 610 sales, representing about 30% of total transactions. Although there were slight declines in the $300K–$350K and over 800K price bands, most price ranges saw an increase in sales.
Looking at monthly sales trends, April and May 2025 saw higher sales than in both 2023 and 2024, as well as above the three-year average. However, in June 2025, sales were below the levels seen in June 2023, June 2024, and the three-year average.
On the supply side, inventory levels rose across all price categories. The most notable increase occurred in the less than $150K range, where inventory grew by a significant 81% compared to the same period in 2024. By June 2025, the total number of homes available for sale reached 2,734, up 22% from the 2,237 homes available in June 2024.
As of June 2025, the consumer inflation rate was recorded at 2.7%. During the second quarter of 2025, interest rates remained elevated, with the average 30-year fixed mortgage rate at 6.79%. According to Freddie Mac’s weekly data, the national 30-year mortgage rate stood at 6.77% by the end of June 2025.
