July 2025 Washington Co. Market Analysis

Key Highlights

🏠New Home Prices - New home prices increased a modest +1.5% year over year.

📈New Home Sales Bounce- Sales of existing homes jumped +32.8% from the prior month! Probably a rebound from the rain impacted sales in June.

🏡 Existing Home Prices - Median home prices increased +9% year over year.

Existing Home Sales Washington County

• Existing Home Sales - declined year over year by -5%. This follows the national storyline as well that homeowners are sitting tight rather than listing.

New Home Sales – Washington County

• Sales Jump - New home sales rebounded in July, rising from 168 in June to 210. This return to normal levels follows a weather-related dip, as Fayetteville recorded over 22 inches of spring rain that likely delayed closings in June.

• Price Trends - The median price on a new home hasn’t moved much the past three years. Also, the average price declined year over year. At the national level, larger homebuilders are having to find creative ways to move finished homes. Perhaps, we’re seeing the beginnings of pricing weakness in our market.

• Sales Mix - New home sales accounted for 46% of total sales in Washington County during July.

Total Washington County Sales Volumes

• Sales Volume - Continues to increase year over year in all markets. July 2025 had over $175MM of sales in Washington County.

Financial Health

• Notice of Defaults – Washington County saw 23 Notices of Default filed in July 2025, up from 15 in June. While the increase could signal early financial strain among some homeowners, filings remain at low levels overall and do not suggest widespread repayment issues.

Mortgage Activity

• Average Mortgage - The average mortgage balance in July 2025 was $286,533 which was down from the prior month.

• Mortgage Units - Total mortgage activity is up 10.8% year over year which is great growth. The fact that there is so much activity with rates where they are at today is showing strength in our market.

• Average Rate - The national average rate on a 30-year mortgage rate is 6.5%. This is near a 10 month low!

• Fed Rate Cut - The markets are pricing in an 81% chance that the Fed will cut rates 25 basis points September 17, 2025.

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