The first half of 2025 has brought continued growth to several housing markets, as detailed in a newly released report by William Pitt-Julia B. Fee Sotheby’s International Realty. The findings cover annual market results across regions including Fairfield, Litchfield, and Hartford Counties, the Shoreline in Connecticut, the Berkshires in Massachusetts, and parts of New York such as Westchester, Putnam, Columbia, Dutchess, and Ulster Counties.
According to the report, the initial two quarters of 2025 reflect a consistent upward trend observed throughout 2024, with substantial increases in closed dollar volume for single-family home sales across most markets compared to the previous year. Data indicates that many regions have outperformed in closed sales volume during the first half of 2025 relative to the same period in 2024.
In a notable shift, several markets are also observing a rise in inventory levels. After a prolonged period of inventory shortages, standing inventory is slowly recovering across various territories. While overall inventory has increased, the volume and units of new listings have surged in nearly all areas. Interestingly, the volume of new listings outpaced the number of units, suggesting that the new supply is predominantly made up of higher-end properties entering the market at elevated price points.
The previous year had seen a decline in closed units at the halfway point of 2024, but the latest report indicates that year-to-date unit sales have only dropped in a few markets when compared to the first half of 2024, and the declines are not significant. Many areas are either maintaining stable sales or seeing slight year-over-year increases in unit transactions. Additionally, twelve-month median sale prices have risen in most regions surveyed.
Despite a mixed economic landscape influencing buyer behavior globally, the report reveals that the markets served by William Pitt-Julia B. Fee Sotheby’s International Realty are counteracting the cooling trends seen in other national markets. This resilience may reflect a unique local market dynamic that continues to attract buyers amidst broader uncertainties.
As the housing market evolves, analysts will continue to monitor these trends to better understand the trajectory of real estate in the coming months.
“For our markets in Connecticut, New York and Massachusetts, we expect the second half of 2025 to bring even more activity as buyer demand remains robust and inventory levels continue their gradual recovery,” said Paul Breunich, Chairman and Chief Executive Officer of William Pitt-Julia B. Fee Sotheby’s International Realty. “We expect this combination of factors to sustain momentum in both sales volume and pricing, and anticipate vitality in the market through the year’s end.”
The First Half 2025 Market Watch is available on the firm’s website at williampitt.com.
