Welcome to the latest pulse on Sun Valley's housing scene! The market is definitely shifting—but what does that mean for you? Whether you're buying, selling, or just keeping an eye on the local vibe, here’s everything you need to know about Sun Valley’s real estate right now.

🔑 Market Highlights: The Big Picture
🏠 Homes For Sale: The Story So Far
May vs. April:

A slight dip—homes for sale dropped by 8% (from 25 to 23). Not a huge swing, but it shows a little less inventory.
May vs. December:
Big shift—the number of homes for sale plummeted by 34.3% compared to the December peak of 35 listings. Looks like the spring rush is slowing down!
💥 Homes Sold: The Sales Surge
May vs. April:

Booming! Sales were up 50%—from 2 to 3 homes sold. It’s a modest rise, but hey, every sale counts in Sun Valley!
May vs. December:
Same story here—50% increase in sales (from 2 homes in December to 3 homes in May).
🔮 Pending Sales: A Little Less Action
May vs. April:

Ouch. Pending sales took a dive, dropping 66.7%—from 3 last month to just 1 this month. What’s going on?
May vs. December:
Steady as she goes—no change in pending sales compared to December (both sitting at just 1).

🌞 June 2025: The Heat Is On! Here’s What’s Happening Now
🏠 Homes For Sale: The Big Surge
June vs. May:

Hold onto your hats—listings jumped by an incredible 90.9% (from 22 to 42 homes). That’s a BIG increase. Could this be the start of a summer seller’s market?
June 2025 vs. June 2024:
A small, steady uptick—we’re up just 2.4% compared to last year. Not massive, but consistent.
💰 Homes Sold: The Chill Factor
June vs. May:

Slower than expected. Sales dropped 33.3% (from 3 to 2 homes). Is the summer heat keeping buyers at bay, or are they just taking their time?
June 2025 vs. June 2024:
Not great news—we’re down 50% from last year. Ouch! But hey, it’s a trend we see sometimes in the warmer months when people go on vacation.
Year-to-Date:
The big picture isn’t pretty. We’re down 63.6% in sales compared to the same period in 2024. Yikes.
🔮 Pending Sales: Surprising Growth
June vs. May:

Talk about a bounce-back—pending sales skyrocketed 300% (from 1 to 4). A nice shift, but we’re still far from crazy busy.
June 2025 vs. June 2024:
Staying steady—the pending sales count stayed at 4, just like last year.
Year-to-Date:
Big decline—down 51.6% compared to 2024. Could be a sign of cautious buyers waiting for the “right” home.

💡 The Numbers You Need to Know: Market Metrics at a Glance
⚡ Absorption Rates: How Fast Are Homes Moving?
Closed Sales:

In May, the absorption rate for closed sales shot up to 13%. That’s a solid bump from January’s 5.7%. More homes are leaving the market quickly!
Pending Sales:

The absorption rate for pending sales, however, dropped to 4.3% in May, a big dip from 12% earlier this year. Looks like buyers are a bit more selective.
💸 Pricing Trends: What’s the Damage?
Average Active Price:

The average price for homes on the market has slipped from $6.78M in January to $6.16M in May. That’s a bit of a drop, but still high by any standard.
Average Sold Price:

The average sold price is $4.39M, up slightly from $4.55M in January. Not a huge difference, but it shows some stability amid shifting conditions.
Price per Sq. Ft.:

Buyers are paying around $1,138 per sq. ft., down a bit from $1,244 earlier in the year. If you’ve got square footage, you’re still golden!
📅 Days on Market: How Long Does It Take to Sell?
Average Days on Market:

Homes are taking 273 days to sell on average—up from 218 days last month. Patience is key in this market, folks.
Median Days on Market:

A significant jump from 155 days in March to 273 days in May. Definitely a sign that buyers are taking longer to make decisions.

🏡 Conclusion: What Does This All Mean for YOU?
The Sun Valley market is definitely shifting gears this summer, with inventory rising, sales slowing, and prices holding steady. If you’re a buyer, it’s an interesting time—more options, but less urgency. For sellers, it’s a mixed bag: the inventory surge could bring more competition, but if your home is priced right, there’s still a solid chance for a sale—just be prepared for patience.

So, whether you're browsing or making a move, it’s time to stay sharp. Things could change fast, but for now, Sun Valley real estate is showing signs of calm after the storm.

Ready to dive into the Sun Valley market? Let’s chat about your options today! 🌄

For more information or to discuss your options, feel free to reach out to Cheryl Concannon, Realtor and a local Sun Valley area expert!