Week of September 15th, 2025 Housing Update

The Market’s Waking Up

After a sluggish summer, we’re finally seeing some movement and not just from the weather.

New listings are up, contracts are climbing, and for the first time in a while, interest rates gave us a little breathing room.

It’s not a full on shift, but it’s the kind of week that makes you raise an eyebrow and check Zillow again.

Market Snapshot

• New Homes Listed in last 7 days: 50 (⬆️ up from 42)

• New Homes Under Contract in last 7 days: 37 (⬆️ up from 28)

• Median Days on Market: 52 (⬇️ down from 61)

• Median Price: $625,000 (⬇️ down from $634,500)

What the Numbers Mean

We’ve got more sellers stepping up and buyers responding.

A good sign that fall might bring more activity than we saw this summer.

Homes are also moving a little quicker, which tells me the serious buyers are still out there, ready to pounce on the right property.

The dip in median price is small, but worth watching.

This could be sellers adjusting expectations slightly or just a reflection of more mid range homes hitting the market.

Either way, we’re seeing some balance return.

Mortgage Snapshot

Interest Rate: 6.39% (⬇️ down from 6.61% last week)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $625,000, with a 5% down payment ($31,250), your loan would be about $593,750.

At a 6.39% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $3,700.

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

This drop in rates isn’t massive, but in this price range, every tenth of a point matters.

Compared to last week, buyers are saving around $150/month on the same loan.

That’s real money, especially if you’re stretching to make things work.

If you were pre-approved at 6.6%, you might now qualify for more or just feel better about locking something in before rates bounce again.

💡 Affordability Tip:

Even with rates at 6.39%, a small rate drop can save you hundreds per month.

Many lenders now offer rate buy downs or credits. Don’t skip the conversation.

👉 Buyer Tip: Get pre-approved before you shop. Knowing your monthly budget makes it easier to jump when the right home hits the market.

Ready to run the numbers on you ideal home?

Schedule a quick call with me here and I’ll connect you with a local lender who can show you exactly what’s possible in today’s market.