We hope you are enjoying early summer days. The following is our July (July 1, 2025) market activity update for detached homes in Carmel Valley, along with expert insights into what these numbers mean for homeowners and buyers.
Our Expert Insight:
The market remains stable, but the pace has softened. As of July 1st, there are 56 active listings and 15 pending. This shows a moderate increase in inventory as buyer activity levels out. Over the last 14 days, we’ve seen 10 new listings, 11 go pending, and 7 close. Looking at the past 30 days, 28 new homes have come to market, 16 have gone pending, and 15 have sold.
The rate at which homes are being listed has remained steady, but fewer buyers are acting decisively. Much of this appears to be driven by economic uncertainty and hesitation around interest rates. That said, we’ve heard from lenders that some conventional loans are now dipping below 6%, a potential signal for increased buyer activity in the coming months.
Seasonally, we’re now a few weeks out from the end of the school year. Historically, we see a slight pause in activity immediately after schools let out, followed by a modest uptick as families reset summer plans and re-engage.
Key Takeaway:
Inventory is holding at higher levels, but prices remain firm. The market saw a 1.33% increase in price per square foot over the last 90 days compared to the previous period. This shows continued price resilience, even as buyer movement slows.
- Homes between 2,000–3,000 SQFT averaged $865/SQFT over the past 30 days
- Homes between 3,000–4,000 SQFT averaged $823/SQFT over the past 30 days
While buyers have become more cautious, they haven’t disappeared. Many are simply on the sidelines, waiting for clearer signals from the broader economy or improved loan terms. If rates continue to drift lower, we may see renewed urgency from this group.
Best,
The Moore Realty Group
