June 2025 Newsletter

JUNE NEWSLETTER

Personal Note

Hello friends,

Can you believe we’re already halfway through 2025? The real estate market is showing a shift we haven’t seen in a while—inventory has climbed so much that we’re officially in a buyer’s market. For the first time since 2018, there are more homes to choose from, giving buyers more options and negotiating power. In fact, the median closed sale price in May dropped by 4% compared to the same time last year.

If you’ve been thinking about making a move, now might be the right time.

On a personal note, I hope you’re enjoying the end-of-school-year celebrations and gearing up for Father’s Day with the special dads in your life. Here’s to a strong second half of the year—whether that means buying, selling, or simply enjoying the season.

Best Regards,
Tanya Grams

Housing Market

In April 2025, the U.S. housing market saw a dramatic shift as Redfin reported the largest gap on record between the number of home sellers and buyers. There were nearly 500,000 more sellers than buyers, a 33.7% difference—the widest since Redfin began tracking this data in 2013. This growing imbalance is beginning to reshape the market, tipping it more firmly in favor of buyers.

Despite the surge in listings, buyer demand remains soft due to persistent economic uncertainty and mortgage rates hovering around 6.7%. As a result, homes are sitting on the market longer—about 44% of listings in April were active for over 60 days, the highest share for that month since 2020. This stagnation is pressuring sellers to reduce prices, and Redfin now forecasts a 1% national home price decline by the end of the year.

The impact is especially pronounced in the condo segment, where inventory now outpaces buyers by 83%.

Overall, the housing market is cooling, offering more leverage and selection for buyers, while forcing sellers to adjust expectations and pricing strategies.

Read the full article here.