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For Sale: $1,197,900

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Market Trends Mt. Hood Real Estate June 2025

Sales for May 2025

Mt. Hood has seen a shift from a seller's market in 2024 to a buyer's market in 2025. This brings many opportunities for buyers that they haven't had in years. It also means sellers are making more concessions to buyers such as price reductions, paid closing costs and buy downs for the interest rates.

Here are the RMLS stats for May 2025. 

 

Mt. Hood Real Estate sales for May 2025

Graph May 2025 for Mt. Hood Real Estate activity

Words of wisdom for today's market:  If your price isn’t compelling, it’s not selling.

Price Reductions on Mt. Hood

Inventory explodes with 78 properties for sale excluding land. One out of four for sale detached homes have reduced their asking price in Oregon as of May 2025!

Listed below are the six closed sales for May 2025.

Six Mt. Hood Sales in May 2025​

National Update June 2025

June 2025

U.S. Real Estate Overview

Note: May 2025 data below are the most recent released by the National Association of Realtors.

Existing-home sales rose in May, according to the National Association of REALTORS®. Sales elevated in the Northeast, Midwest and South, but retreated in the West. Year-over-year, sales progressed in the Northeast and Midwest but contracted in the South and West. This report equips real estate professionals with valuable information that helps them serve their clients and get to their next transaction.
 

National Association of Realtors December 2024 Data

"The relatively subdued sales are largely due to persistently high mortgage rates. Lower interest rates will attract more buyers and sellers to the housing market," said NAR Chief Economist Lawrence Yun. "Increasing participation in the housing market will increase the mobility of the workforce and drive economic growth. If mortgage rates decrease in the second half of this year, expect home sales across the country to increase due to strong income growth, healthy inventory, and a record-high number of jobs."
 
Total Existing-Home Sales for May
  • 0.8% increase in total existing-home sales1 month-over-month to a seasonally adjusted annual rate of 4.03 million.
  • 0.7% decrease year-over-year, sales declined 0.7% (down from 4.06 million in May 2024).
Inventory in May
  • 1.54 million units: Total housing inventory2, up 6.2% from April and 20.3% from May 2024 (1.28 million).
  • 4.6-month supply of unsold inventory, up from 4.4 months in April and 3.8 months in May 2024.
Median Sales Price in May
  • $422,800: Median existing-home price3 for all housing types, up 1.3% from one year ago ($417,200) – a record high for the month of May, and the 23rd consecutive month of year-over-year price increases.
  • Single-Family and Condo/Co-op Sales
  • Single-Family Homes in May
  • 1.1% increase in sales to a seasonally adjusted annual rate of 3.67 million, up 0.3% from May 2024.
  • $427,800: Median home price in May, up 1.3% from May 2024.
  • Condominiums and Co-ops in May
  • 2.7% decrease in sales to a seasonally adjusted annual rate of 360,000 units, down 10.0% from May 2024.
  • $371,300: Median price, up 0.7% from May 2024.
Regional Breakdown
 
Northeast
  • 4.2% increase in sales month-over month to an annual rate of 500,000, up 4.2% year-over-year.
  • $513,300: Median price, up 7.1% from May 2024.
 
Midwest
  • 2.1% increase in sales month-over month to an annual rate of 990,000, up 1.0% year-over-year.
  • $326,400: Median price, up 3.4% from May 2024.
 
South
  • 1.7% increase in sales month-over month to an annual rate of 1.84 million, down 0.5% year-over-year.
  • $367,800: Median price, down 0.7% from May 2024.
 
West
  • 5.4% decrease in sales month-over month to an annual rate of 700,000, down 6.7% year-over-year.
  • $633,500: Median price, up 0.5% from May 2024.

 

Save Thousands on Interest!

Many people ask about bi-weekly payment plans designed to reduce the interest paid out over the course of your loan. These programs help the borrower budget an extra payment a year, and over time this can knock years off the repayment schedule.

Many people are surprised to learn that they can do this themselves without any special programs, simply by submitting an extra principal payment as they are able. By submitting an extra payment, you get the advantages of an early payout, without the extra contractual obligation. Want more information on other mortgage options?

Contact us today for our list of preferred local mortgage experts who can help you position yourself for a great year in 2025!

What's your credit score?

Your credit score is a composite snapshot of your credit history. A high credit score takes time to cultivate, and is not likely to rise much in a short period of time. Generally speaking, you want to make sure you pay your bills on time, keep outstanding debt levels to a reasonable amount for each account, and avoid closing accounts you've successfully paid-off and managed. Don't lose hope if you have less than perfect credit, there are still good loan programs out there for responsible borrowers. We have a list of preferred local lenders who can help you find the best financing programs for your specific needs.

Contact us and take advantage of today's low interest rates!

Here are some great resources to learn more about credit scores, and to get a free credit score and report:

Why Your Home's Asking Price Matters More Today

Why Your Home's Asking Price Matters More Today



 

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Some Highlights

 

  • A growing number of homeowners are overestimating today’s market. ​And that’s why the number of sellers dropping their price is back at normal levels.​
  • A lot of the time this is happening because they’re not paying attention to current conditions. The best way to avoid that mistake? Lean on the expertise of an agent.
  • If you want a proven pricing strategy that works for today's market, let's connect.