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

Overview of the REMAX Housing Report for July 2025

In July 2025, the housing market in the United States witnessed a slight downturn in home sales, marking a 0.7% decrease compared to June, according to the latest REMAX National Housing Report. This report captures data from 52 metropolitan areas, highlighting significant trends for both buyers and sellers. Despite this decline, home sales demonstrated a slight overall increase of 0.6% year-over-year, compared to the same month in 2024.

Key Market Metrics

The report notes that the average days on the market for homes has risen to 44, an increase from 37 days in July 2024 and three days longer than the previous month. This trend suggests that while there are still buyers in the market, they may be more selective, leading to longer selling periods. The median sales price in July was recorded at $450,000, which represents a decrease of 1.1% from June but an increase of 2.3% compared to July 2024. This reflects typical seasonal pricing adjustments.

Inventory Insights

Active listings saw a substantial year-over-year increase of 27.7%, although there was a slight month-to-month decline of 0.8%. Interestingly, a 2.5% drop in new listings contributed to this monthly decrease, yet new listings remained 4.4% higher than the previous year. Erik Carlson, CEO of RE/MAX, emphasized that this adjustment period is normal for the market. "Homes are taking a bit longer to sell, but inventory has remained consistent and prices have held steady. That's a sign of resilience—and continued opportunity for both buyers and sellers," he noted.

In markets like San Antonio, Texas, where the housing supply is abundant, the average supply of inventory stands at 5.6 months—indicative of a more balanced housing environment.

Notable Regional Trends

Some urban centers showed significant shifts compared to last year. For instance, Raleigh, North Carolina, experienced a remarkable year-over-year increase of 19.5% in closed transactions, as did Bozeman, Montana at 17.7%. Conversely, other locations like Dover, Delaware, noted a decrease of 10.9% in sales. Sellers must pay close attention to local market dynamics, as this can greatly affect pricing and negotiation strategies.

Closing and Pricing Trends

In July, homes typically sold for 99% of their asking price across the regions surveyed, consistent with June but lower than the 100% seen in July 2024. The close-to-list price ratio varies dramatically across markets. Notably, Hartford, Connecticut reported a ratio of 104.4%, indicating homes often sold above asking prices, contrasting with markets like Miami, Florida, at 94.3%.

Future Outlook

As the market continues to adjust, experienced real estate agents will become increasingly vital for navigating pricing and strategic sales. It is crucial for sellers to devise comprehensive pricing strategies that accurately reflect current market conditions, while buyers should capitalize on the expertise of local agents to present compelling offers.

Overall, July 2025's housing data illustrates an evolving market landscape—one that still holds potential for opportunity amidst its challenges. As always, awareness of local trends and mentorship from seasoned professionals will be integral components in the journey for any homebuyer or seller.

For any homeowner or prospective buyer, understanding these various metrics can ensure a more informed decision-making process in a fluctuating market. It remains clear that while the tides may change, the importance of strategic real estate knowledge persists.