#United States #Denver #Housing Market #RE/MAX #Home Sales

Overview of Home Sales in August 2025

The REMAX National Housing Report for August 2025 provides a critical analysis of the U.S. housing market, revealing a decline in home sales during the month. Sales dropped 1.6% from August 2024 and 5.5% compared to July 2025, indicating a slowing trend as the market navigates through shifting economic conditions. This dip coincides with the end of a 17-month growth streak for new listings, which saw a significant year-over-year decrease of 5.9%, compounded by a monthly drop of 9.2%.

Inventory Levels

Despite the reduction in sales activity, the total active inventory of homes increased by 24.4% compared to the previous year. However, this represents a minor decrease of 0.4% from July 2025. The median sales price rose 1.9% year-over-year to reach $448,000, marking the 26th consecutive month of annual price increases. Month-over-month, however, prices saw a slight decline of $2,500, or about 0.6%. Homes averaged 47 days on the market, which is an increase of eight days from August 2024 and three days longer than July 2025.

Erik Carlson, CEO of RE/MAX Holdings, Inc., noted that varying economic factors and seasonal trends have influenced current housing market dynamics. "While challenges concerning affordability persist in numerous regions, prospective buyers and sellers can still identify opportunities especially in stabilized price areas where inventory has improved. Staying well-informed and collaborating with experienced agents can greatly enhance the chances of navigating today’s market effectively," Carlson explained.

Regional Market Insights

Many metropolitan areas showcase more accessible entry points for buyers. Cleveland, OH, Wichita, KS, and Pittsburgh, PA registered some of the lowest median sales prices in August, with Cleveland and Wichita each at $260,000. Conversely, the Pittsburgh market offers notable affordability, presenting $270,000, which is significantly lower than the national average. Local broker Ben Hess remarked, "Pittsburgh's diverse neighborhoods provide unique community vibes coupled with substantial amenities that enhance long-term investment potential."

Noteworthy Metrics

• - New Listings: The number of homes newly listed in August declined by 5.9% year-over-year; markets like Trenton, NJ reported a dramatic 44.8% year-over-year decrease in new listings.
• - Closed Transactions: A total decline of 1.6% in closed home sales was observed across the surveyed metro areas compared to last year, with notable drops in markets such as Trenton, NJ and San Diego, CA.
• - Close-to-List Price Ratio: Homebuyers generally paid 99% of the asking price in August, consistent with previous months, reflecting steady market demand despite fluctuations in inventory and listings.
• - Days on Market: Homes sold in August averaged 47 days on the market, indicating greater time for buyers to consider options before purchasing.

Conclusion

In summary, the RE/MAX August 2025 Housing Report underscores a notable shift within the U.S. housing market characterized by a decline in sales amid stable pricing and increased inventory. As various metros highlight affordability and community dynamics, home buyers are encouraged to engage with local real estate professionals who can provide nuanced market insights. The following months will be crucial in understanding how the market adjusts to these evolving trends and the implications on overall affordability and investment opportunities in the housing sector.

For detailed insights and specific market statistics, visit RE/MAX's official website to explore more.