Weekly Special | November 3, 2025

2025’s Market Finds Its Middle Ground

If you glance at this week’s chart, one thing stands out: 2025, through October, has outperformed nine of the years on record, while 24 years still finished stronger.

That puts 2025’s home-sale production through October about 16% below the 35-year median, with additional October closings still being reported. Once those final sales are logged, we’ll likely end the year closer to 10% under the long-term median, a performance that signals a gentle cooling, not a crash .

Why does that matter? Because when we see steady activity in a year with higher mortgage rates and cautious national headlines, it tells us something important: local demand is real, not reactionary.

A few factors are driving that balance:

• Inventory is fairly balanced. Well priced homes continue to attract quick offers.

• Buyers are adjusting. Many have accepted current interest rates as the new normal and are acting when the right home appears.

• Sellers are getting realistic. Those listing now are motivated, not merely testing the market.

Together, those forces have created a rhythm that’s neither boom nor bust, just a market finding its footing.

As we move into the final two months of the year, I’ll continue to track how pending sales and new listings close the gap between 2025 and the long-term median. Each week’s update aims to help you interpret the numbers, see the trend beneath the noise, and make smarter decisions about your next move.

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This issue went with a longer report on our blog: read the full blog post. The original one-page Weekly Special PDF is still available.