Part 5/12:

The median price for a single-family home decreased marginally by 1.5% to $660,000—a clear sign that prices are now in decline for the first time since the Great Recession. Condo prices have fared worse, dropping by over 4% to approximately $460,000. The broader regional median has fallen from $540,000 to about $495,000, confirming that the once soaring prices are now retreating swiftly.

Perhaps most alarming is the unprecedented ratio of delisted properties. In July 2025, 59 out of every 100 newly listed homes were removed from the market before selling—a nearly threefold increase over the national average. This indicates a profound seller retreat, driven by the unwillingness or inability to accept current lower prices, fueling a market stuck in a dangerous stalemate.