June 2025 Market Overview

📊 June 2025 Market Overview

🏠 Sales Activity
3,452 homes sold, which is a 3.24% increase from June 2024.

• 2,536 single-family homes
• 916 condos/townhomes
  The increase in year-over-year sales suggests healthy buyer activity and improved confidence in the market.

⏳ Median Days on Market
32 days, slightly up from 31 days last month.
This minor uptick suggests the market is leveling off, but still moving efficiently.

💵 Pricing Trends

• Median price per square foot: $237.94
• Single-family home median price: $585,000
  ➡️ Up 0.92% from June 2024
• Condo/townhome median price: $409,200
  ⬇️ Down 0.20% from last year
  Condo prices are essentially flat, indicating a stable but competitive segment.

📦 Residential Inventory

• 5,596 new listings entered in June 2025
• Compared to 5,186 listings in June 2024
  That's a 7.9% increase in inventory, continuing the trend of greater supply, which helps balance the market.

🔍 What This Means

For Buyers:
More inventory means better selection and slightly less competition. Homes are still selling relatively quickly, so it’s wise to be ready to move on the right opportunity.

For Sellers:
Single-family homes are seeing steady price growth, but condos may require strong marketing and competitive pricing to attract offers.

For Investors:
With inventory rising and condo prices holding steady, this could be a good time to identify value opportunities, especially in well-located townhomes.