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September Market Update 2025

Market Update

September Market Update 2025
Housing costs are near the highest points we’ve seen in the last year. The Fed Chairman mentioned in a speech at Jackson Hole that we’re likely to see cuts to the federal funds rate in the not-so-distant future, which would, of course, be great for the largely stagnant housing market that we’ve been in recent months/years. For prospective buyers, now might be a great time to lock in a great home at a relatively low price. If real estate values perform the same way as the last time we saw substantial decreases to mortgage rates, now might be an opportune time to lock in a home before values surge, then refinance once rates have bottomed out!
 
Although mortgage rates were in the mid to high-6% range throughout July and August, they’ve started to come down since the Fed Chairman’s speech. The current dip in rates likely represents the market pricing in the rate cut before it even happens.
 
Over the course of the past few months, we’ve seen inventories remain at an elevated level on a year-over-year basis. However, with the recent drop in interest rates and the prospect of lower interest rates in the near-term future, we might see some of the built-up inventory begin to move, as housing becomes slightly more affordable. Over the coming months, it’ll be important to pay attention to inventory levels, as they’re often leading indicators of price movements over time!
 
Locally, for the first time in 6 months, we saw median sale prices slightly increase in August by roughly 1%. This month was the first time in a while that we saw fewer new listings hitting the market on a year-over-year basis. While inventories are normalizing, the average listing is spending 37.50% more time on the market, or about 22 days, in Contra Costa County, compared to last year.
 
As always, Arrive Real Estate Group remains committed to helping our clients achieve their current and future real estate goals. Our team of experienced professionals are happy to discuss the information we’ve shared in this newsletter. We welcome you to contact us with any questions about the current market or to request an evaluation of your home.

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