National U.S. Housing Trends: Summer 2025 Update

Summer is here, and with it comes a fresh wave of energy in the U.S. housing market. Whether you’re a buyer, seller, or just a curious observer, the national trends this season are full of interesting twists and turns. Let’s take a stroll through the latest data and what it means for you.

Home Prices: Still Rising, But at a Gentler Pace 🏡

After the wild price surges of recent years, 2025 is seeing a more measured climb. The national median home price has inched up about 3% year-over-year—a far cry from the double-digit jumps we saw during the pandemic boom. This slower growth is a sign that the market is finding its balance, giving buyers a bit more breathing room while still rewarding sellers.

Inventory: Slowly Rebuilding

Good news for house hunters: more homes are hitting the market. Inventory levels have increased by about 10% compared to last summer, thanks in part to new construction and more homeowners deciding it’s time to sell. While we’re not back to pre-pandemic levels yet, the uptick in choices is helping to ease bidding wars and cool off price spikes.

Mortgage Rates: Holding Steady (For Now)

Mortgage rates are always a hot topic. In summer 2025, rates have stabilized around 6.2% for a 30-year fixed loan. While that’s higher than the historic lows of a few years ago, it’s a relief for many that rates aren’t climbing further—for now. Buyers are adjusting, and lenders are rolling out creative options to help make homeownership more accessible.

Who’s Buying and Selling?

Millennials continue to dominate the buying scene, but Gen Z is making its mark, especially in affordable metros and up-and-coming suburbs. Baby boomers, meanwhile, are fueling the market on the selling side, often downsizing or relocating for retirement. This generational shift is shaping not just who’s moving, but where and why.

Hot Markets and Cooling Spots 🔥❄️

Some regions are still red-hot—think Sun Belt cities like Austin, Phoenix, and Tampa, where job growth and lifestyle perks keep demand high. Meanwhile, formerly frenzied markets like San Francisco and Seattle are seeing a cooldown, with more balanced conditions and even slight price dips in some neighborhoods.

What Does This Mean for You?

• Buyers: More options and less competition mean it’s a good time to look, but be prepared for higher borrowing costs.
• Sellers: Homes are still moving, but pricing right and staging well are more important than ever.
• Investors: Steady rents and a stabilizing market make for solid, if less spectacular, returns.

As always, every local market has its own story. If you’re thinking of making a move or just want to chat about the latest trends in your area, let’s connect! I’m here to help you navigate the ever-changing world of real estate with confidence and clarity.