October 26, 2025 Housing Update

What’s Really Going On

We’re heading into the fall slowdown and it’s showing up clearly in both the sales and rental markets this week.

The number of new listings dipped on both sides, but some key pricing and pace shifts are creating fresh leverage for active buyers and renters.

Let’s break it down:

Market Snapshot

• New Homes Listed in last 7 days: 50 (⬇️ down from last week 56)

• New Homes Under Contract in last 7 days: 38 (⬆️ up from 32)

• Median Days on Market: 38 (⬇️ down from 50)

• Median Price: $469,950 (⬇️ down from $497,450)

What the Numbers Mean

Homes are sitting a little less long, and more are going under contract and that’s a sign that serious buyers are out there.

But the big story is price: the median dropped nearly $30K in a week. That’s not panic, that’s seasonal cooling, but it’s giving buyers some breathing room after a tough summer.

Sellers? Now’s the time to price strategically. The days of pushing comps may be behind us (for now).

Mortgage Snapshot

Interest Rate: 6.27% (⬇️ down from 6.35%)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $469,452, with a 5% down payment ($23,472), your loan would be about $445,979.

At a 6.27% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,757.

That’s before taxes, insurance, and HOA fees, but it gives you a clear picture of what monthly costs look like in today’s market.

What It Means For You

That’s $59/month less than last week thanks to both a rate drop and lower home prices.

For buyers watching the edge of their budget, that matters.

It’s a rare moment where price and rate moved in your favor especially as we head into a slower season where sellers may be more negotiable.

Rental Snapshot

• New Rentals Listed in last 7 days: 44 (⬇️ down from 48)

• New Rentals Under Contract in last 7 days: 28 (⬇️ down from 29)

• Median Days on Market: 23 (⬇️ down from 47)

• Median Rent Price 

  • Single Family Homes: $3750 or $2.16/sqft (⬇️ down from $4,700 or $2.06/sqft)

  • Condos/Townhouses: $2,547 or $2.05/sqft (⬆️ up from $2,220 or $2.04/sqft)

What it Means

The sharp drop in single family home rents is eye catching and down nearly $1,000 in a week. That’s likely driven by high priced outliers falling off, but it signals that landlords are adjusting expectations.

Meanwhile, condo and townhome rents are creeping up, suggesting demand may be shifting toward more affordable options. With days on market dropping fast, renters should be ready to move quickly if they see a good deal..

💡 Not sure if buying or renting makes more sense right now?