Housing Industry Shifts
Mortgage rates remain in the mid-6% range.
Rates have stayed relatively steady through 2025, keeping monthly payments higher than in past years but more predictable. Buyers who lock in before any future rate increases can benefit, while sellers should note that affordability pressures still limit some buyer budgets.
Well-priced homes under $500K are moving the fastest.
Entry-level and moderately priced homes continue to see strong demand and shorter market times, while higher-priced properties often take longer to sell or require price adjustments.
Inventory is growing, shifting toward a balanced market.
There are more listings available than last fall, giving buyers more options and reducing bidding wars. Sellers still hold an advantage when homes are priced right and show well, but strategy matters more than ever.
Steady Demand and Moderate Days on Market.
As of fall 2025, homes across the region are averaging about 30 to 45 days on the market before going under contract. Well-priced and move-in-ready listings tend to sell more quickly—sometimes within a few weeks—while higher-priced or less updated properties often take 90 days or longer. This reflects a moderating but still active market, where demand remains steady but buyers have a bit more time to make decisions.