Published July 18, 2025

Mid-Year Market Update – What Buyers and Sellers Need to Know This July

Written by Bethany Wager-McKee

Mid-Year Market Update – What Buyers and Sellers Need to Know This July header image.

July marks the halfway point of the year and the peak of the summer real estate season. Whether you're thinking about buying, selling, or investing, this is the perfect time to take stock of the market and plan your next move. In this mid-year update, we break down key trends, insights, and what they mean for you in July 2025.

🏡 1. Market Snapshot: Where Things Stand Mid-2025

Inventory: After a tight start to the year, listings have slightly increased in most regions—but supply remains below pre-pandemic norms.
Interest Rates: As of mid‑July 2025, New York Mortgage rates have stabilized around 6.75% to 6.90% for a 30-year fixed mortgage:

Nationally, the average 30‑year fixed rate sits between 6.75%–6.88%, according to Freddie Mac (6.75%) by APNews and NerdWallet/Zillow (6.88%) (NerdWallet)
In New York specifically, Zillow reports the average rate has been around 6.90% as of July 16, up from about 6.60% the previous week. (Zillow)

💡 What This Means For You

Buyers: Expect borrowing costs to stay high for now—locking in a July rate can help avoid any late Q3 upticks.
Sellers: With most buyers facing similar financing costs, pricing and presentation become more vital than ever.
Refinancers: Unless you’re upgrading to a shorter term (e.g., 15‑year at ~5.9–6.0%), it’s likely not worth refinancing yet unless driven by specific goals.

🔥 2. July Buyer Trends

Timing is Key: Many buyers aim to close before the school year begins, making July a competitive month.
Cash Offers Are Back: Investors and downsizers are re-entering the market with competitive offers.
Top Tip: Lock in your mortgage rate now if you’re buying—rates could climb again later this year.

💼 3. What Sellers Should Know

Curb Appeal Matters: July heat means curb appeal is critical—lush landscaping and shaded areas make a big impact.
Price It Right: With more listings hitting the market, competitive pricing and staging are essential.
Top Tip: Homes listed in early July often attract more motivated summer buyers looking to close quickly.

🔮 4. What to Expect for the Rest of 2025

Potential Rate Changes: The Fed may adjust interest rates in late Q3, affecting mortgage affordability.
Seasonal Slowdown: Expect a cooler market by late August as families settle in for the new school year.
Opportunities Ahead: Fall may bring better deals for patient buyers and a less competitive environment

✅ Final Thoughts: Should You Make a Move This July?

If you're ready, July is still one of the best months to make a move—with active listings, serious buyers, and strong market conditions. But as always, the best time depends on your personal goals and financial readiness.

📞 Thinking of buying or selling? Let’s talk strategy. Call me today at (845)464-9933 for a personalized market analysis and game plan.

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