National Housing Report Breakdown: U.S. Home Prices & Sales – June 2025

According to the most recent June National Housing report, there were more opportunities on the housing market to buy a home in June 2025 than there were in the last few years. There are many takeaways from the report that was published two weeks ago (July 2025). Two key points from this month’s report were that inventory was on the rise and home prices went up slightly.  

The number of homes for sale increased over 30% when benchmarking from June 2024. That’s 30% more options that homebuyer’s have on the market today. When it comes to home prices the median sale price for a home was around $440,000. That was a 2.8% increase from last month and a 2.1% increase from last year. Each market is different, and we’ll break down what that means for you. REMAX compiles its monthly housing reports by surveying 50 metro areas. 

New Listings and Their Markets 

In the 50 metro areas surveyed, the number of newly listed homes rose 1.4% compared to June 2024, and is down 12.8% compared to May 2025. This isn’t true for all markets and it’s good to take a peek at which areas are more or less competitive when it comes to listings. For example, the markets with the highest number of new listings were Fayetteville, AR (+24.9%), Las Vegas, NV (+18.7%), and Manchester, NH (+16.8%).  

There were a few markets that had less listings than last month and those include, Trenton, NJ (-25.2%), Philadelphia, PA (-24.0%), and Baltimore, MD (-21.1%). By looking at this data, homebuyers may want to look in the first few areas if they are looking for more options. If you’re a home seller in the decreased listings cities, and your house isn’t selling, you should talk to your real estate agent about comparables in your neighborhood to make sure your house is priced right.  

Closed Transactions – Homes Sales 

Just because a home is on the market doesn’t mean it will sell right away. That’s why REMAX also takes a look at the actual home sales that happened last month. The areas with the biggest increase in year-over-year sales were New Orleans, LA (+17.1%), Manchester, NH (+16.1%), followed by a tie between Anchorage, AK and Milwaukee, WI at (+16.0%). The markets with the biggest decrease in year-over-year, were Miami, FL (-8.4%), Detroit, MI (-7.8%), and Fayetteville, AR at (-5.0%). 

As mentioned in previous reports, Miami was in a spot where homeowners’ insurance was rising and there were more and more condos on the market. If a homebuyer were looking for many condo options, Miami may be a place to check out – however home sellers may have a harder time selling their house or condo. If you’re a home seller in New Orleans, it looks like home sales were on the rise.  

Median Sales Price – Still Above $400,000

The median sale price metric is just that – a median. Homes for $150,000 do still exist in places like Sandusky, Ohio. However, if you’re looking at a place like San Diego, you’re probably looking at house worth over $1 million. That’s all to say, when you’re looking for a home within your specific budget, location matters quite a bit.  

The cities with the biggest year-over-year increase in median sales price were Cleveland, OH (+9.0%), Anchorage, AK (8.5%), and Fayetteville, AR (+7.5%). The areas with the biggest year-over-year decrease in median sales price were Bozeman, MT (-7.7%), Tampa, FL (-3.8%), and Atlanta, GA (-3.4%). This means if you’re looking for room to negotiate, the latter markets may be a good place to start. If you’re looking for a specific city in the first three mentioned areas and can’t budge because of work or personal reasons, expect to pay a little more.  

Close-to-List Price Ratio – Negotiating 

There’s the price a seller sets, the price a buyer asks for, and then there’s the closing price. The difference? The close-to-list ratio. The close-to-list price ratio is taken into consideration by using the average value of a home’s sales price and dividing it by the list price for each transaction. If the number is above 100%, then that means the home closed for more than the list price. If it’s less than 100%, then that means the home sold for less than the list price. 

The metro areas with the largest close-to-list price ratios were Hartford, CT (105.3%), San Francisco, CA (102.4%), and Manchester, NH (102.2%). The metro areas with the lowest close-to-list price ratio were Miami, FL (93.7%), Coeur d’Alene, ID (96.3%), and New Orleans, LA (96.5%). This means that home sellers in Hartford, San Francisco, and Manchester received above the asking price they set for their house. If you’re looking in one of these markets, it is possible you will pay more than the list price, so budget wisely. If you’re look in Miami, Coeur d’Alene, or New Orleans, you may have more room to negotiate.  

Months’ Supply of Inventory – Homes for Sale 

In a stand out statistic, the number of homes on the market is up 30.1% from June at the same time last year. This number means that if all the houses on the market were to sell, that’s how long it would take to sell all houses. For example, Miami, FL sits at 7.4 months’ worth of inventory compared to 4.9 months in June of last year. That’s a whopping 48.8% increase in supply. Honolulu, HI comes in at second most months of inventory at 5.9 months. That’s also a staggering 173.4% increase in homes on the market from last month.  

The markets with less inventory include Hartford, CT (1 month) and Manchester, NH (1 month). Milwaukee, WI is pretty low as well at (1.1 months).  

Takeaways 

If you’re looking to buy or sell a house there’s a lot of market research involved. Miami is probably one of the more interesting markets at the moment. While Miami’s supply was up 48.8% from last year, they also rank lower when it comes to home sales. That means there were more houses and condos on the market and not as many people are interested in them last month. It may be a whirlwind market, but that’s just this month’s snapshot. There could always be a swing any which way when it comes to the housing market.  

If you’re looking at some metro areas in the Northeast or in parts of California, the market was still tight with less inventory and higher close-to-list ratios. If you’re looking to buy in these areas, you make have to make some compromises, while if you’re looking to sell you may get just what you ask for. It’s always good to do your own research, but a REMAX agent will know the market. Always try to consult an agent before making any big decisions when it comes to the housing market.