July Market Report

U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.

New Listings decreased 16.6 percent to 221. Pending Sales increased 6.8 percent to 158. Inventory increased 13.5 percent to 739.

Median Sales Price increased 2.7 percent from $235,000 to $241,250. Days on Market decreased 1.4 percent to 73. Months Supply of Inventory increased 11.3 percent to 6.9.

Nationally, the median existing-home sales price rose 2.0% year-over-year to $435,300, a new monthly high and the 24th consecutive month of annual price gains, according to NAR. Slower sales activity has contributed to rising inventory this year, with 1.53 million properties listed for sale heading into July, a 15.9% increase from the same time last year and equivalent to a 4.7-month supply at the current sales pace.

Curious about the current value of your home? Don’t hesitate to reach out to a member of the Kira Witherwax Team at RE/MAX North Country.

To view the full Market Report for July download the link below.

ACVMLS-July 2025- AUGUST Release.pdf

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