The regional median home price was up again in June, with all but two localities in the FAAR footprint seeing increases. The median sold price settled at $480,000 this month compared to $474,093 in June of 2024, representing a 1% year-over-year increase. Units sold remained basically flat in the FAAR footprint with 539 homes selling this June compared to 537 last year. Total sold dollar volume was up over 4%, posting approximately $283 million in sales for June of 2025 compared to $271.4 million in sales last year.
Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service, increased 20% up to 24 days this June compared to 20 days last year.
Inventory was up again, finishing out the month with 1,190 active listings compared to 877 last year, a nearly 36% increase. New listings were up 4% from last year with 631 homes coming on the market in June of 2024 compared to 659 this year. New pending sales were up nearly 4% in the last month, with 562 pending contracts compared to 542 last June.
“June was a strong month for me,” comments FAAR Board of Director Heather Ferris. “My listings have been moving quickly, often receiving multiple offers within days when priced appropriately. Buyers in my market are motivated and prepared to compete, especially for well-presented and accurately priced homes. I’m finding that transactions are closing smoothly, which reflects the overall readiness and seriousness of both buyers and sellers. The key continues to be smart pricing. Homes that are listed too high are sitting, while those aligned with market value are generating fast interest. Inventory remains tight, but when the right home hits, demand is definitely there.”
