Hello Chester County friends!

We’ve reached the end of summer, and it’s the perfect time to check in on how the housing market shaped up in July. Whether you’re planning to list this fall, thinking about buying, or just curious about the numbers, here’s what you need to know.

🌟 Market Highlights

• New Listings: 626 homes hit the market — down 1.9% from June but up 9.2% compared to July 2024.

• Pending Sales: 544 homes went under contract — an 11.5% dip from June, but still 6.0% higher than last year.

• Closed Sales: 598 homes sold — 6.1% fewer than June, yet a solid 8.1% increase year-over-year.

💰 Home Prices

The median sold price came in at $579,745. That’s 3.4% lower than June’s $600,000, but still 9.5% higher than July 2024.

👉 Translation: Sellers are benefitting from strong year-over-year growth, while buyers may find a little more breathing room than earlier this summer.

📊 Mortgage Insights – As of August 11, 2025

Here’s where national mortgage rates stand right now (Bankrate averages):

• 30-year fixed: 6.77%

• 15-year fixed: 6.13%

• 30-year FHA: 6.28%

Rates are still above the lows of a few years ago, but remain better than last fall’s highs — a window of opportunity for buyers looking to secure financing before potential bumps this fall.

🔊 Looking Ahead

As summer winds down, both buyers and sellers have unique opportunities:

• Sellers: Year-over-year gains keep you in a strong position, especially heading into the active fall market.

• Buyers: More inventory compared to winter plus the chance to move in before the holidays.

📲 Visit buypahome.com for buyer resources and sellpahome.com for seller tips.

We’ll be back with the August market report by September 15th — just in time to help you prepare for the busy fall season. 🍂