It’s been a long, hot summer, but the back-to-school season appears to have created an uptick in interest and potential buyers touring homes. Although sales remained flat over the month, there are indications of increased activity coming in September. The anticipated rate reductions at the September 16 meeting of the Federal Reserve are effectively built into consumer sentiment and mortgage rates, which have now fallen into the 6.5% range—the lowest since October 2024.
A lot of inventory remains on the market, particularly in the lower price ranges. Among the unknowns, of course, is how the market might react to a formal interest rate reduction. Some buyers could continue to wait for additional decreases, while others may decide that the rates are good enough for now, with no need to hold off on purchasing.
The luxury market still has another few weeks before the season officially starts. While January through March was the Valley’s traditional ramp-up, the more recent trend extends from mid/late October to April—thanks to homebuyers who may have flexibility in working remotely and a desire to escape the winter cold.
July to August 2025, the supply-demand index increased 73.1 to 77.5, further into balance but still solidly in buyer’s market range. The supply index decreased from 103.9 to 98.9, while the demand index increased 0.6 points to 76.6.
You can read all the details in the R.O.I. Properties “Real State – Residential” newsletter, with additional statistics, market trends and information, but here’s a quick peek at the highlights:
You can read all the details in the R.O.I. Properties “Real State – Residential” newsletter, with additional statistics, market trends and information, but here’s a quick peek at the highlights:
Originally shared via roiproperties.com newsletter. Click here to read full newsletter.
