Mortgage interest rates have dropped slightly over the past 30 days. As of this week, the average U.S. interest rate for 30-year fixed-rate mortgages is 6.58%, down from 6.75% a month ago. While most current predictions are for a continuation of this trend throughout 2025, it isn’t clear if an expected Fed move to lower short-term interest rates is already baked into the current mortgage rate market.
Home buying is one of the most stressful times in most people’s lives. The purchase price is material, most homes are bespoke, and virtually everyone does it so few times that they can’t get comfortable with the process. Buyer agents are there to help you through the process. The infographic below from Florida Realtors provides insights as to why people use buyer agents.
Florida Realtors has put together the infographic below regarding the reasons you should own rather than rent. If you are on the fence, it’s worth a read.
In 2025, existing home prices are expected to see modest year-over-year growth, with most experts projecting increases of less than 2%. However, mainstream forecasts anticipate continued appreciation over the longer term, with prices rising more than 10% by 2030. Similarly, new home prices are expected to grow gradually in 2025, with growth accelerating in the following years.
In June 2025, Sarasota County’s single-family home market showed a mix of modest growth and slight cooling trends. Closed sales rose by 1.0% year-over-year to 699 homes, and new pending sales saw a notable increase of 12%, reaching 659. However, the median sale price declined by 8.1%, bringing it down to $455,000. This drop in prices may indicate a shift in buyer affordability or negotiating power.
Inventory levels continued to build, with active inventory growing 23% year-over-year to 3,955 homes, suggesting more options for buyers and longer market times for sellers. Overall, while prices softened, increased sales activity and rising inventory point to a market that’s becoming more balanced between buyers and sellers. The infographic below from Florida Realtors contains more information.
