June 2025 Real Estate Market Recap: Summer Starts with Stability
As we head into July and settle into summer, I’ve taken a deep dive into the June 2025 real estate stats with my colleague, Jay Lewis—and while the market may feel like it’s cooling slightly, the numbers tell a different story.
Inventory Levels Rise Slightly
Inventory for June crept up slightly to 6,668 active listings—up a few hundred units. Some might see this and worry that we’re moving into a slower season, especially with sales for the month coming in at 2,877. But Jay and I both agree: there’s no need to panic.
“We are still very much in a seller’s market,” Jay explained during our conversation. “We just have over two months of inventory.”
Homes Are Still Moving Quickly
That’s a key point. Two months of inventory still signals strong demand, and importantly, homes are selling at roughly the same pace as they were last year—encouraging news for mortgage brokers like me.
“June 2025 for a detached home versus June 2024—they’re the same when it comes to days on market,” Jay said. “We’ve gained a couple of days since last month, but it’s not significant.”
2025 Is Keeping Pace with a Strong 2024
To me, that’s a big deal—2024 was a strong year. So the fact that 2025 is keeping pace or even slightly outperforming is a positive sign, even if it doesn’t feel as active out there. So far this year, we’ve had more sales than we did at this point in 2024. Lenders and mortgage brokers are staying busy.
Home Prices Show Slight Monthly Declines
Now let’s talk pricing. This is where we’ve seen a few small dips month-over-month. Detached homes dropped 1.8% from May, moving from an average price of $533,000 down to $515,000. Semi-detached homes slipped by 1.2%, and apartment condos fell 1.9%—leaving that category flat year-over-year. Row houses, on the other hand, held steady.
Jay pointed out that this dip puts some property types at their lowest prices of the year. “Townhomes are even lower than February’s numbers,” he said. “Apartments too—we’re at $195,000, which is down a bit. So we’ll see what happens.”
Late-Month Surge Could Point to July Momentum
But here’s what’s really interesting: right at the end of June, we saw a flurry of activity. One of Jay’s builder clients, for example, had as many pending deals in the final days of the month as they had all month long. That kind of late-month push could signal that July will see a pickup, especially with continued interest from buyers relocating from BC and Ontario.
Final Thoughts
In short, June may not have delivered fireworks, but it wasn’t a slump either. “It’s kind of an unremarkable month,” I said in the video. “One month isn’t anything to freak out about or celebrate.”
As always, we’ll be watching closely. We’ll be back next month with fresh stats—and we’ll keep you updated throughout July with more insights and commentary.
Watch the Full Market Update
To watch the full video, where Jay and I break this down in detail, head over to my YouTube channel: Watch it here
If you like this kind of market update, please like the video, subscribe to the channel, and hit the bell icon so you never miss one. And as always, feel free to reach out to me directly.
Talk to you soon,
Josh Tagg
