July 2025 Housing Market Update: Key Insights for Buyers and Sellers

The U.S. housing market data from June 2025 reveals key trends across existing home sales, new construction, and employment that directly impact buyers and sellers. Whether you're planning to purchase, sell, or simply monitoring the market, these insights can help you make more informed decisions.

Existing Home Sales Slow, Prices Reach Record Highs

Closings on existing homes declined by 2.7% in June compared to May, reaching an annualized pace of 3.93 million units. This marks the slowest sales rate since September 2024 and reflects a sharper drop than the 0.7% decline economists had projected.

Despite the slowdown, prices continue to rise. The median price for existing homes reached a record $435,300 in June. This price tracks the midpoint of homes sold and does not reflect appreciation or depreciation of individual properties.

Inventory remains a primary driver of these trends. There were 1.53 million homes available in June, up nearly 16% from last year, yet still well below pre-pandemic levels. Only 1.08 million were active listings, with the remainder already under contract. Limited supply continues to support price growth despite slower sales.

New Home Sales See Modest Growth, Median Price Declines Due to Mix Shift

New home sales rose 0.6% in June from May but were down 6.6% year-over-year, with an annualized pace of 627,000 units—lower than expected. The median new home price dropped to $401,800, nearly 5% lower than May’s $422,700.

This decline does not indicate falling home values. Instead, the decrease is attributed to a shift in sales activity, with 5,000 fewer luxury homes (over $500,000) and 5,000 more homes sold in the $300,000–$399,000 range, pulling the median lower.

New home inventory reached 511,000 homes at the end of June, the highest level since 2007. However, only 119,000 are completed and move-in ready. The remainder are under construction (271,000) or not yet started (121,000), limiting immediate availability for buyers.

Labor Market Remains Tight, Affecting Housing Affordability

Initial unemployment claims fell to 217,000, the lowest level since April and the sixth consecutive weekly decline. However, continuing unemployment claims remain elevated at 1.955 million, signaling that many displaced workers are still struggling to re-enter the workforce. This is one of the highest levels since late 2021.

A slower job recovery and persistent unemployment can impact housing demand by tightening lending conditions and affecting buyer confidence, particularly in higher price brackets.

What This Means for Buyers and Sellers

• For Buyers:

  • Existing home inventory remains limited; preparation and quick decision-making are crucial.

  • New construction offers opportunities but may involve waiting for completion.

  • Pre-approval is essential to remain competitive in a constrained market.

• For Sellers:

  • Despite slower sales, limited inventory is sustaining strong pricing, especially for move-in ready homes.

  • Well-marketed listings can attract strong offers due to ongoing buyer demand.

  • Strategic pricing remains key, particularly as affordability pressures shape buyer activity.

Why Choose Gold Rush Realty Group?

• Elite Local Expertise: We deeply understand the Jackson and Gold Country markets, from neighborhood character to schools and amenities.

• Community-Centered Service: We prioritize integrity, professionalism, and long-term relationships. Our personalized approach ensures tailored guidance at every step .

• Track Record You Can Trust: Over 76 home sales since 2018, with total sales exceeding $20 million—especially in Amador County’s rural and small-town areas.

Contact Us

Ready to explore buying, selling, or investing in Amador County real estate? Connect with Gold Rush Realty Group:

• Address: 601 Court Street, Suite 106, Jackson, CA 95642

• Phone: (209) 401‑9912

• Email: [email protected]

• Website: https://goldrushrealtygroup.com

Book a consultation to talk strategy over coffee—no strings attached