June 2025 Real Estate Market Recap: What You Need to Know This July

June brought a noticeable shift in real estate activity. As the market settled into its summer rhythm, both buyers and sellers found new opportunities—and new challenges. Here's a recap of what happened last month and what to expect as we head deeper into July.

Inventory Ticked Up—but Still Below Normal

June saw a modest rise in new listings, giving buyers more options than earlier in the year. However, overall inventory remains lower than historical averages, keeping competition relatively high—especially in price ranges under $1M.

• Sellers who listed early in the month often saw strong showing activity.

• Well-priced homes continued to sell quickly, many with multiple offers.

• Homes needing updates or priced too aggressively tended to sit longer.

What to expect in July:
Inventory may continue to grow, but quality homes will remain in demand. Sellers still hold the advantage—but only with the right strategy.

Buyer Demand Held Steady

Despite higher interest rates than buyers were used to in years past, demand stayed solid through June. Many buyers are now fully adjusted to current rates and are more focused on affordability, condition, and long-term value.

• Pre-approved buyers moved quickly on the right homes.

• Open house traffic increased for well-presented listings.

• Price sensitivity remained high—buyers are walking away from overpriced properties.

Looking ahead:
Buyers may benefit from increased choices in July, but should be prepared to compete for standout homes.

Mortgage Rates Remained Stable

Interest rates stayed relatively flat through June, hovering in the mid-6% range. This helped maintain buyer confidence but continued to keep some would-be sellers from listing—especially those holding older, sub-4% loans.

Tip for buyers:
Secure pre-approval and rate locks early.
Tip for sellers:
Expect rate-conscious buyers and work closely with agents to price strategically.

What Buyers and Sellers Should Do This Month

For Buyers:

• Be ready to act fast—especially if you’re shopping under $1M.

• Don’t skip the prep: get pre-approved and know your limits.

• Tour widely, but be decisive on well-maintained homes in competitive ranges.

For Sellers:

• Focus on presentation—staging, repairs, and strong photography matter.

• Be flexible on terms when possible. Quick, clean closings are attractive.

• Don’t overprice. Serious buyers are watching closely and comparing aggressively.

The Bottom Line

June confirmed what we’ve seen all year: the market is active, but more balanced. While sellers continue to benefit from low inventory, buyers are savvy, selective, and serious. If you’re planning a move this summer, the key is preparation and working with the right team.