Published August 19, 2025

Real Estate Market

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Written by Tammy & Scott Sartain

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The real estate market is experiencing mixed signals with some areas showing signs of cooling while others remain strong.

Here's a more detailed breakdown:

  • Market Slowdown:

  • Summer sales are at their slowest pace in 10 years, with homes sitting longer on the market, according to Inman.

  • Incentives:

  • Homebuilders are increasingly relying on incentives to attract buyers, indicating a softening market.

  • Mortgage Rates:

  • Rates have fallen due to expectations of a potential Federal Reserve interest rate cut, making homeownership more attractive.

  • Regional Differences:

  • While the national market shows signs of cooling, regional trends vary, with some areas still experiencing strong demand.

  • Sales Volume:

  • Existing-home sales decreased by 2.7% in June, with declines reported in the Northeast, Midwest, and South.

  • Supply and Demand:

  • The NAR (National Association of Realtors) points to a continued under supply of homes, contributing to high prices and potentially hindering first-time home buyers.

Tags

Real Estate Market, Home Sales In Oswego IL, Home Value, Home sales activity, Comparative Market Analysis
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