July 2025 Market Overview

📈 Sales Activity
3,551 homes sold in July 2025, an increase of 4.14% from July 2024.
2,598 single-family homes
953 condo/townhomes
This is a strong year-over-year gain, showing continued buyer activity despite rising prices and slightly longer days on market.

⏳ Days on Market
37 median days on market, up from 32 last month.
Homes are taking slightly longer to sell, which may suggest a modest shift in market pace as inventory builds.

💰 Pricing Trends
Median price per square foot: $235.69
Single-family median sold price: $586,785
Up 2.03% from last July
Condo/townhome median sold price: $408,300
Down 0.32% from last year
This signals a slight softening in the condo/townhome market while single-family home values continue to climb.

📦 Residential Inventory
5,427 new listings were entered in July 2025
Compared to 4,967 listings in July 2024
This is a 9.25% increase in inventory, giving buyers more options and easing competition slightly.

🔍 Market Takeaways
Buyers: More inventory and longer days on market can give you more flexibility and room to negotiate—but single-family home prices are still trending upward, so don’t wait too long on well-priced properties.
Sellers: Single-family homes remain in demand and values are appreciating, but homes may take longer to sell, so strategic pricing and presentation are essential. Condo sellers may face slightly more price sensitivity.
Investors: The small dip in condo prices could present an opportunity for value buys, while single-family home appreciation remains a reliable trend.

📝 Bottom Line
July 2025 continues the trend of a healthy, balanced market—with rising inventory, stable pricing, and strong buyer interest. While homes are spending a bit more time on the market, overall conditions remain favorable for both buyers and sellers.