At Built Different, we keep a close eye on national housing trends because they shape how we
build, price, and sell homes here in Montana. Redfin’s latest update (as of June 29, 2025) paints a
clear picture: home prices are hitting record highs, but buyer and seller activity is cooling off.
**New listings are down** for the first time in six months-just a 1% dip nationwide, but that signals hesitation from sellers.
– **Pending sales are down 3.2%**, the biggest drop in nearly four months.
– Meanwhile, the **median sale price hit $400,125**, an all-time high.
– **Monthly mortgage payments have dropped** slightly due to easing rates (now at 6.67%), bringing a bit of relief to buyers. Touring activity and mortgage applications are up, which means interest is still out there-but buyers are picky, price-sensitive, and holding out for the right deal.
At Built Different, we’re adjusting daily and staying ahead of these shifts. We know how to build smart, price right, and move fast in a market that isn’t.
Stay sharp. Stay agile. Stay Built Different
Here’s what stands out:-
**New listings are down** for the first time in six months-just a 1% dip nationwide, but that signals hesitation from sellers.
– **Pending sales are down 3.2%**, the biggest drop in nearly four months.
– Meanwhile, the **median sale price hit $400,125**, an all-time high.
– **Monthly mortgage payments have dropped** slightly due to easing rates (now at 6.67%), bringing a bit of relief to buyers. Touring activity and mortgage applications are up, which means interest is still out there-but buyers are picky, price-sensitive, and holding out for the right deal.
So what does this mean for Montana?
In Billings and other Montana markets, we’re not seeing the same pricing pressure as places like Detroit or New York, but buyer psychology is similar. When buyers see headlines about slowing pending sales and climbing prices, they pause. That pause leads to longer days on market, fewer homes going above list, and a shift away from bidding wars. If you’re a builder, now’s the time to get sharper with product mix and pricing. If you’re a buyer, there’s opportunity-inventory is up, rates are easing, and negotiation is back on the table.At Built Different, we’re adjusting daily and staying ahead of these shifts. We know how to build smart, price right, and move fast in a market that isn’t.
Stay sharp. Stay agile. Stay Built Different
