We looked at about a dozen homes in May and June before we bought one. I noticed there were a lot of people our age looking at single level homes.
Selling our home is proving more difficult than I thought. It seems like sales really slowed down in July. Homes sold really well here in May and June, so I hope we don’t have to wait until next spring before we have a buyer.
Those are good months for moving kids after school is out - winter break also.
Lots of people are waiting for mortgage rates to fall. And lots of young people need to save another – oh, $300,000 or so before they can afford a house.
My son just had a closing on his house sale yesterday. The offer came in July and was $60K over asking price.
Based on your username, I’m guessing you are from Toledo? Home sale stats for Toledo are below. Median days listed is graphed below. July doesn’t show anything particularly unusual compared to May/June or the previous year. If your home isn’t selling, your realtor might have ideas about what to change. I’ve known sellers in my area who made minor changes to things like staging, with large impact on offers.
By us I’ve seen 3 list and sold quick - like a week. The first two were well under asking though - one about 7% and the 5%.
The third just 1%. At least two were one stories. I have to go past the third. I’m on a one story with upstairs bonus. They alll sell quicker than the regular two stories. Have all 18 years I’ve been here.
Have a conversation with your agent and see what they suggest.
A house on our street received a firm offer and sold the day the price was reduced…closing was last week.
But it could be staging or something else the agent will suggest.
Good luck! Hope it sells soon.
In my neck of the woods, real estate activity comes to a grinding halt in July-August. Then there is a smaller spike (compared to Feb-May) in late September-early November when people scramble to get into a new home by the holidays.
Your stats give me hope for October.
My realtor appears to be even more shocked than I am that our house hasn’t sold. I’m moving to the new place, so have a home stager coming in shortly. Other homes in my area aren’t selling either, so I don’t feel too bad.
I think in our area (I am in the same city as OP) starter or moderate homes are selling well - but not as rapid as the last couple years.
You have many pluses for your neighborhood. I’m assuming that if your home is larger (like more likely “family sized”) families may have focused their home buying search earlier this season so the kiddos could be ready to go for the new school year.
That said, within a mile or so of our home, several higher end houses have recently listed - I’m curious to see how soon they sell.
And remember, earlier in the season there were lots of homes for sale but LOTS of people looking. Probably less buyers this time of year and lower inventory. I think September is still a pretty strong sell month.
We listed in July, which in hindsight, was too late. We were the only ones in our price range at that time, but now there are several.
The market is weird. July doesn’t seem like it should be too late.
If you listed in July, it does not sound like an emergency yet. Note that the earlier stats mentioned a median listing time of 40 days. It sounds like you are not significantly above the median.
If you are the only home in your price range, you might have different expectations from the overall average, although I checked a few recent sales for higher priced homes and only saw a small difference in typical sale times. For example, the home at 3547 Hill River Dr, Toledo, OH 43615 | Redfin sold earlier this month for $820k, which was 3% above list. Time from list to sale was slightly under 40 days.
I will try to be patient.
How are you priced compared to those?
How is your property - size, location in the neighborhood, etc?
It’s all about location. In Chicago where I live houses move. We get kinda crazy offers to knock our house down 
. We are getting to the point we might bite… But will see.
This is for “summer “ 2025. Other WSJ articles rate the market it higher. But as mentioned earlier, this may apply more to median homes. A nicer zip code or neighborhood with higher than average prices (for many good reasons) may not apply to this high ranking.
I know. Isn’t that crazy?!!! Let me know if those pricier homes near you sell. As far as I can tell, only 4 Ottawa Hills homes have gone pending since we listed ours in early July. One was quite a bit higher in price and 3 were quite a bit lower. At least a dozen more are now on the market.
Our area seems to be Buyer’s market right now. We’ve been sad that the house next door has been on the market for 3+ months. The owners are lovely people and really did a nice job maintaining it (the husband is a clever handyman/mechanic). They opted to move to one level once they found one with 3 car garage, which they had really liked and used at the old house.
We just sold a single family home in Honolulu and closed 6/3. We just bought 2 bd/2ba condo and closed Aug 4. We used proceeds from sale to get the 2nd property—rental to rental 1031 exchange (defers taxes).
We settled for lower than appraisal when we sold and paid less than appraisal when we bought. Real estate was very slow but is picking up again in Honolulu.
