The April 2025 market stats are in, and while the numbers tell one story, what they mean for you is where it gets interesting.

Let’s break it down:

🔹 Home Prices Keep Climbing

• The average sale price is now $644,000, up 7.0% from April 2024.
   
• The median sale price has also ticked up to $555,700, a 2.2% increase.
   

👉 Here’s what this means for you:
➡️ For sellers: Your home might be worth more than you think.
Curious about your home’s current value? Reach out, and I’ll provide a personalized value estimate—no pressure, just helpful info.

➡️ For buyers: Prices are still rising, just at a steady pace. Waiting might not save you money, so it could be a good time to start your search.

🔹 More Homes Are Showing Up for Sale

• 889 new listings in April—a 22.8% jump from March and 7% higher than last year.
   
• But pending sales are down 5.4% from March, suggesting buyers are getting a bit choosier.
   

👉 Here’s what this means for you:
➡️ Buyers: More options mean less pressure, but the best homes still move fast.
➡️ Sellers: With more homes on the market, smart pricing and great presentation are key.

🔹 Closed Sales Are Up, But Not by Much

• 535 homes closed in April—up just 0.9% from April 2024, but a strong 20.8% jump from March 2025.
   
• This means while more homes are listed, buyers are taking their time to make decisions.
   

👉 Here’s what this means for you:
➡️ For sellers: Be prepared for some buyers to take their time, but well-priced homes are still selling.
➡️ For buyers: You have some breathing room—but don’t expect a huge drop in prices.

🔹 Slightly Less Time to Make a Decision

• The average time for a home to go from "For Sale" to "Sold" is now 65 days, just one day longer than last month.
   
• Inventory also tightened slightly to 2.9 months, meaning the market is still active.
   

👉 Here’s what this means for you:
➡️ Sellers: Homes aren’t lingering, but they also aren’t flying off the shelves instantly. Smart strategy is key.
➡️ Buyers: Take your time to decide, but have your financing ready when you do.

🔹 Year-to-Date Trends Tell a Steady Story

• New listings are up 0.4%, while closed sales are up 3.5%.
   
• The average sale price for 2025 so far is $610,200—a 5.8% increase from last year.
   

So, what’s the big picture?

The market is active, but balanced. Prices are still rising, but not dramatically. More homes are hitting the market, and while buyers have choices, they’re not rushing into decisions.

Thinking about buying or selling soon? Let’s talk about what these numbers mean for your goals.

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