07/15/2025
Market watch Monday - the manic Monday kind of market watch! What a day it has been.
New Listings soared over 100% from the previous week, 812 vs 394, and up 36% from 2024. You might think that doesn’t sound so bad unless you’re a seller who has put themselves in the position of chasing the market. As a buyer, you might think this is awesome now that there are more choices. However, the improved inventory is putting many buyers in a state of complacency, assuming they have time to consider their dream home, only to lose it when others act quickly.
Pendings were up slightly, 267 vs 250, an improvement of 7%, but down 29% from 2024. The last two weeks have been the two lowest Pending reports since December 2024. Closed Transactions were down 13% from last week, 684 to 602, and down 9% from 2024. Coming Soon, one of the biggest surprises of the week, was down 30%, falling from 337 to 258, and is one of the lowest postings for Coming Soon since February.
Active/Under Contract fell 40%, 434 to 324. Price Reductions soared 50% from 323 to 484. Back to Active increased 28%, from 109 to 140. The combination of Active/Under Contract and Pendings, one of the lowest totals in months, fell 32% week over week.
If you are thinking of buying or selling then give us a call to map out the plan! Call, email or PM us Sandy Gardner Brill, Emily Miller & Mike Gardner.
