September 2025 Market Overview

🏡 Overall Market Snapshot

• 3,270 homes sold, showing a 3.35% increase from last year, reflecting continued strength in buyer demand.
  
  • 2,366 were single-family homes
  • 904 were condos/townhomes

⏳ Days on Market

• Median days on market increased to 43 days (from 42 last month).
  • Homes are taking slightly longer to sell, possibly signaling a seasonal slowdown or market stabilization.

💵 Home Prices

• Median Price per Sq. Ft.: $234.87
• Single-Family Home Median Price: $579,900
  
  • Up 1.92% from September 2024
• Condo/Townhome Median Price: $408,245
  
  • Up 0.18% from last year
  • This shows continued but slowing appreciation, especially in the condo segment.

📦 Residential Inventory

• 4,994 new listings entered in September 2025
• Compared to 4,655 listings in September 2024
  
  • That’s a 7.28% increase in inventory, providing more options for buyers and possibly easing pressure on pricing.

🔍 Key Takeaways

🟢 For Buyers:

• More homes on the market and longer selling times create opportunities to negotiate.
• Condo pricing is relatively stable, which could present value in attached housing.

🔴 For Sellers:

• Prices are still appreciating, particularly in the single-family sector.
• However, with homes sitting slightly longer and more competition, proper pricing and presentation are more important than ever.

📈 For Investors:

• Condo pricing is nearly flat but still positive—potentially signaling a plateau.
• The single-family sector continues to offer reliable value growth.