June 2025 Housing Market Update
For June 2025, residential real estate data in Marion and Polk counties (residences under 0.5 acres) reveals a market in quiet transition. Here's a breakdown of the most relevant metrics — and what they actually tell us.
Closed Sales: +0.3% | 288 Units
The number of homes that closed in June rose very slightly from May — just under 1 additional home. This tiny uptick isn’t enough to signal a significant rise in buyer activity, but it’s worth noting that closed sales didn’t fall, even as other pressure points (like rising inventory and softening prices) started to emerge.
It’s possible that many of these closings reflect contracts written in late April or early May, before interest rates or buyer sentiment shifted further.
Median Sale Price: -3.3% | $440,200
This is the most notable drop we've seen recently in month-over-month price performance. A 3.3% decline represents a loss of roughly $15,000 in median sale price compared to the prior month.
This suggests sellers are either:
Pricing more competitively to beat growing inventory, or
Accepting offers below list due to weaker buyer leverage.
It’s also a sign that appraisal values and buyer tolerance may be aligning lower than they were earlier this spring.
Median Days on Market: 53 | +1.0%
At first glance, this figure appears unchanged — 53 days in both May and June. But the reported 1.0% increase suggests a small but measurable slowdown: likely an average increase of half a day or less across all sold listings.
For example:
If May's actual median was 52.5 days and June’s was 53.0, that would register as ~1% growth.
The rounded figure hides the subtle pacing change, but it’s statistically meaningful when paired with the jump in active inventory.
This micro-shift in time-on-market is a key signal: homes are beginning to linger, just enough to affect inventory build-up.
Active Inventory: +9.9% | 919 Homes
This is the most significant month-over-month movement in the entire dataset.
To quantify it:
May’s active inventory was around 836 homes — June closed at 919. That’s an increase of 83 additional homes on the market.
But here’s the kicker:
New listings actually decreased slightly (-0.4%), which means more homes are staying active longer, not more homes being listed.
This disconnect between sales velocity and inventory turnover results in an oversupplied market, where more properties compete for the same pool of buyers.
Put simply: absorption has slowed — and when buyers aren’t scooping up listings at the same rate, inventory builds fast.
New Listings: -0.4% | 462 Homes
Sellers listed slightly fewer homes in June than in May — down about 2 homes total. On its own, this stat wouldn’t be newsworthy. But in context, it confirms that the surge in inventory wasn’t driven by new supply — it came from less movement on existing supply.
This tells us sellers may still be confident or waiting for better conditions, while buyers are increasingly price-sensitive.
Key Takeaway for the Data-Driven
Median price drops like this (-3.3%) often lag behind market behavior; sellers had to adjust in June to meet buyer resistance that likely emerged in May.
The days on market figure remaining static while inventory jumps nearly 10% points to a critical early signal: listings are going stale faster than they’re closing.
This is a classic early-stage cooling pattern: small frictions in time-on-market accumulate and translate into much larger effects on inventory and pricing.
Bottom Line
The data suggests a shift toward a more balanced — or slightly buyer-favoring — market.
Sellers should prepare for:
Increased competition
Longer time on market
More negotiation around price and terms
Buyers may benefit from:
More choices
Less urgency
Better pricing leverage
Want to chat what this specifically means for you? Send us an email, DM, or call. Stay informed, stay ahead.
