🏠 Real Estate Market Update – What Sellers Need to Know (June 2025)

An honest look at what’s happening in the housing market right now.

📉 Home Sales Are Slower This Year

So far in 2025, we’ve seen a noticeable slowdown in home sales.

• In May, only 7 homes closed, bringing the year-to-date total to 28.
• By comparison, there were 34 home sales at this time last year, and 46 in 2023. This trend shows that many buyers are holding off, likely due to concerns about the economy and rising interest rates.

🏡 What’s on the Market?

• There are currently 74 homes listed for sale in our community.
• 31 are lakefront properties
• 12 are on the golf course
• 31 are interior homes (not on water or golf)
• Homes are averaging about 134 days on the market, which means many are sitting unsold for several months.

 🏗️ New Home Construction Continues

• 9 new home permits were issued in May, which is right on track with last year.
• This shows that builders still believe in the long-term strength of our area, even if sales are currently slower.

💰 Prices Are Adjusting

• The average list price for a home was around $581,000.
• Many sellers have had to reduce prices, with the average drop being about 5%, bringing the average list price down to $567,000.
• However, these modest price cuts haven’t done much to speed up sales, which tells us the issue isn’t just price - it’s a lack of active buyers.

🧼 What Helps a Home Sell in This Market?

Homes that are:

• Well-maintained
• Freshly updated
• Clean and move-in ready

...tend to attract more attention and sell faster.

However, not all updates are necessary or cost-effective. Before spending money on renovations, talk with us. We’ll help you decide what changes - if any - will truly make a difference. Sometimes, factors like location or home size are out of your control, and updates may not have the impact you’re hoping for.

🏦 Why Is the Market Slower?

The slowdown we’re seeing is mostly due to:

• Ongoing economic uncertainty
• Relatively high interest rates

Most people don’t have to move here - they choose to move here for lifestyle reasons, like enjoying the lake, golf, and outdoor living. When times
feel uncertain, many buyers decide to "wait and see" instead of making a big move.

🙋 What We’re Doing

We know this market is challenging, but we are working hard to attract the right buyers to your home.
Our team is focused on smart marketing, strong visibility, and staying connected with buyers who are still actively searching.

We currently have a high supply of homes, but a shortage of ready buyers. That means standing out matters more than ever.

If your home is on the market or you're thinking of selling soon, let’s connect and talk strategy. Every home has a story - we’ll help make sure yours is seen and appreciated.

– We Are Your Local Real Estate Experts
Here for you. Every step of the way.