August 2025 Market Update

August 2025 Tri-Valley Real Estate Snapshot

This August, housing inventory across the Tri-Valley saw a modest decline in every city. The decrease, however, is more a result of fewer new listings than a wave of homes going under contract. Simply put, fewer properties are being added to the market rather than a surge in buyer activity clearing them out.

Average days on market also edged upward in each community, rising by roughly three days compared to last month. This suggests sellers are waiting a bit longer to secure a buyer, reinforcing the sense of a slower summer market.

Mortgage rates hit their lowest point in the past 10 months this week, but the dip hasn’t sparked a noticeable increase in showings or offers. Buyer demand remains subdued for now. Looking ahead, all eyes are on the Federal Reserve’s September meeting, with many expecting a rate cut. It’s important to remember, though, that lower Fed rates don’t always mean lower mortgage rates — last year’s cuts were followed by an increase in home loan rates.

Based on seasonal trends, we typically see activity rebound in mid-to-late September as routines settle after summer and buyers refocus before year-end. We expect the same pattern this year, though the level of momentum will likely depend on where mortgage rates head next.