U.S., August 21, 2025
News Summary
U.S. home sales dipped slightly in July 2025, falling by 0.7% from the previous month. However, sales showed a modest 0.6% increase compared to the same month last year. The median home price decreased to $450,000, representing a 1.1% drop from June but a year-over-year rise of 2.3%. As inventory levels fluctuate, the market is seeing varied trends, including longer selling times and differing dynamics between local markets.
U.S. Home Sales See Minor Decline in July 2025 Amid Prices Adjusting
In July 2025, U.S. home sales experienced a slight decline of 0.7% compared to June 2025. Despite this dip, the sales figures marked a minor increase of 0.6% when juxtaposed with the same month last year. As the housing market continues to adjust, data indicates a mixed picture with rising prices and increasing time for homes to sell.
The median sales price for homes in July 2025 was recorded at $450,000. This figure represents a 1.1% decrease from June 2025 while showing a more promising 2.3% year-over-year increase. The average duration for homes on the market now stands at 44 days, an increase from 37 days in July 2024 and three days longer than the previous month.
Inventories of homes have seen varied trends with a slight monthly decrease of 0.8%, but an impressive annual uptick of 27.7% compared to July 2024. July also saw new listings fall by 2.5% since June 2025, yet these numbers were still 4.4% higher than a year ago, emphasizing the changing landscape of the real estate market.
Market Adjustments and Trends
According to Erik Carlson, CEO of RE/MAX, the market is currently undergoing a seasonal adjustment where homes are taking longer to sell, but prices remain relatively stable. Notably, San Antonio, Texas, has shown a balanced market with a 5.6-month supply of inventory, which is a positive indicator for potential homebuyers.
Specific markets, such as Houston, Burlington, VT, and Raleigh, NC, have experienced substantial increases in new listings of 43.0%, 22.6%, and 20.9%, respectively. However, overall closed transactions across surveyed metro areas were up by 0.6% as compared to July 2024. Raleigh, NC, and Bozeman, MT, have seen the most significant year-over-year increases in closed transactions, with rates of 19.5% and 17.7%.
Inventory and Rental Market Dynamics
Overall, the months’ supply of inventory rose to 2.8, increasing from 2.2 the previous year. Miami, FL registered the highest months’ supply at 7.1, while Hartford, CT recorded the lowest at 1.0. In San Antonio, though sales decreased by 10% compared to last year, median home prices increased, and the local rental market witnessed a noticeable rise in inventory, providing more options for renters.
Additionally, the broader Texas market reported a slight 3.6% increase in home sales overall, reflecting varied pricing among the regions.
Lastly, on a national scale, mortgage rates experienced a decline, dropping to 6.58%, the lowest level observed in ten months, which is expected to enhance buyer purchasing power in the coming months.
Key Market Statistics
| Statistic | July 2025 | July 2024 | Change |
|---|---|---|---|
| Home Sales | Down 0.7% (From June 2025) | Up 0.6% (From July 2024) | N/A |
| Median Sales Price | $450,000 | $439,000 | Up 2.3% |
| Average Days on Market | 44 | 37 | Up 7 Days |
| Months’ Supply of Inventory | 2.8 | 2.2 | Up 0.6 |
| New Listings | Down 2.5% (from June 2025) | Up 4.4% (From July 2024) | N/A |
Frequently Asked Questions
What was the median home price in July 2025?
The median sales price for homes was $450,000 in July 2025, which represents a 1.1% decrease from June 2025 and a 2.3% increase from July 2024.
How have home sales changed over the past year?
Home sales increased by 0.6% compared to July 2024, although they dropped slightly by 0.7% compared to June 2025.
What trends are impacting the housing market currently?
Key trends include rising home prices, an increase in the average time homes are on the market, and a slight decrease in new listings.
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Additional Resources
- CultureMap San Antonio
- Wikipedia: Real Estate
- Redfin Blog
- Google Search: U.S. Home Sales July 2025
- KSAT News
- Google Scholar: Housing Market Trends
- Realtor
- Encyclopedia Britannica: Real Estate Market
- San Antonio Current
- Google News: Real Estate Market July 2025
Author: STAFF HERE SAN ANTONIO WRITER
The SAN ANTONIO STAFF WRITER represents the experienced team at HERESanAntonio.com, your go-to source for actionable local news and information in San Antonio, Bexar County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Fiesta San Antonio, San Antonio Stock Show & Rodeo, and Dia de los Muertos. Our coverage extends to key organizations like the Greater San Antonio Chamber of Commerce and United Way of San Antonio and Bexar County, plus leading businesses in retail, insurance, and energy that power the local economy such as H-E-B, USAA, and Valero Energy. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HEREHouston.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
