August 2025 Real Estate News
TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
WHAT IS YOUR HOME WORTH? CHECK IT OUT!
Inside the August 2025 Edition of Real Estate News
This month, we dive into how to tap into your home’s hidden wealth, the changing market that may soon favor buyers and real estate closing surprises to avoid. Plus, learn a few strategic ways to save on water costs and check out the latest kitchen trends. All this and more in the August 2025 issue of Real Estate News.
The Market Is Changing—but Is It Finally a Buyer’s Market?
The latest housing data from the National Association of Realtors (NAR) paints a nuanced picture of where the market stands—and where it might be headed. Existing-home sales in May rose 0.8% from April to a seasonally adjusted annual rate of 4.03 million. However, year over year, sales slipped 0.7%. So, is this officially a buyer’s market? Not quite—but we’re getting closer.
More Listings, More Leverage
Inventory saw a meaningful jump in May, up 6.2% from the previous month and more than 20% higher than a year ago. That translates to a 4.6-month supply of homes on the market—still shy of the six-month mark that typically signals a balanced market, but the highest we’ve seen in years. More options on the market could give buyers a bit more negotiating power, especially in areas where homes are taking longer to sell or price reductions are becoming common.
Thank You and Have a Great Day
Marina Jacobson
Broker, SFRDirect: 847-510-5009
Cell: 847-361-5605
Fax: 847-510-5109
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