GON
$150 Site Donor 2025
Latest update from Realtor dot com on U.S. housing trends.
As a pre- article commentary, Yes inventories are rising, but still 20 percent below pre-pandemic levels. My observations show the current housing inventories on a MACRO basis are Sellers wanting premium for their non premium homes.
Quality homes priced right still go under contract in under 24 hours after being listed. That states a lot about the housing market that is not in the article. In my neighborhood, their is a large transfer of people late every spring. Every home went under contract except one, a house on a corner. People don't have to settle for a full priced (by square foot) corner lot that offers zero backyard privacy and reduces true outdoor private living space.
I am now only studying home markets west of the Mississippi. Most expensive market west of the Mississippi based on value-- without a doubt Western North Dakota. Only thing I can come up with is jobs pay decent, nobody wants to live in Western North Dakota long term, so no new construction, so homes that would sell for $300k USD in Nebraska sell for $800k USD in Western North Dakota.
Idaho is still a crazy high market. Areas like Western and South Western Colorado still well overpriced based on what income employees make.
Finally, even with rising inventory- prices per square foot are still having year over year increases. The increases are tiny but shows people are getting more money today for their home than they were getting a year ago--- we are at record high prices today.
From the article:
As a pre- article commentary, Yes inventories are rising, but still 20 percent below pre-pandemic levels. My observations show the current housing inventories on a MACRO basis are Sellers wanting premium for their non premium homes.
Quality homes priced right still go under contract in under 24 hours after being listed. That states a lot about the housing market that is not in the article. In my neighborhood, their is a large transfer of people late every spring. Every home went under contract except one, a house on a corner. People don't have to settle for a full priced (by square foot) corner lot that offers zero backyard privacy and reduces true outdoor private living space.
I am now only studying home markets west of the Mississippi. Most expensive market west of the Mississippi based on value-- without a doubt Western North Dakota. Only thing I can come up with is jobs pay decent, nobody wants to live in Western North Dakota long term, so no new construction, so homes that would sell for $300k USD in Nebraska sell for $800k USD in Western North Dakota.
Idaho is still a crazy high market. Areas like Western and South Western Colorado still well overpriced based on what income employees make.
Finally, even with rising inventory- prices per square foot are still having year over year increases. The increases are tiny but shows people are getting more money today for their home than they were getting a year ago--- we are at record high prices today.
From the article:
June 2025 Monthly Housing Market Trends Report
- The inventory of homes for sale rose 28.9% year over year, marking the 20th consecutive month of inventory growth and the second consecutive month with over 1 million active listings. June 2025 inventory hit a new post-pandemic high, but remains 12.9% below pre-pandemic levels.
- The total number of unsold homes, including those under contract, was up 20% compared to last year.
- Pending home sales—homes under contract—decreased 1.6% year-over-year.
- Newly listed homes declined for a second straight month, but were up 6.2% year over year.
- Homes spent a median of 53 days on the market, five more than a year ago, but about the same level as pre-pandemic norms for June.
- The national median list price for homes was $440,950, up a modest 0.2% since last year, and remaining in line with 2022–24 levels. Median price per square foot increased by 0.7% year over year.
- Price cuts were reported on 20.7% of listings—the highest share for any June since at least 2016 and the sixth consecutive month with growing price reductions.
Last edited:
