A note from Tami Pardee
Dear neighbors and friends,
Earlier this year, many of us felt the market’s ground shifting beneath our feet as interest rates, tariffs, and economic headlines swirled. In my twenty years in this business, I’ve rarely seen so many twists and turns. Now, as summer unfolds, we’re settling into a new rhythm defined by steady demand and growing confidence in our market. Here’s a snapshot of Q2 2025:
• Single-family home prices climbed year-over-year
• After a slight spring uptick, active listings dipped 5–8% by June, leaving supply exceptionally tight.
• Homes continued to sell in about a month, reflecting a 5–15% faster pace than last year.
• Price per square foot was mostly unchanged, showing buyers are sticking to neighborhood norms.
In today’s market, getting your list price right and making your home look its best really matter. With still so few properties available and eager buyers waiting, sellers may hold an advantage. It’s a delicate balance to not overshoot on price or you could end up waiting longer than you’d like. Pricing is a strategy. That’s why you trust an expert who’s constantly got their eyes on the market, like we do, to craft a tailored plan based on real comps and your goals, then guide you every step of the way.
This year marks Pardee Properties’ 20th anniversary. The idea for this brokerage was born out of my vision for a better real estate experience just as I welcomed my first child. Nurturing a business and a family over two decades has been a journey of perseverance, vulnerability, and gratitude. To celebrate, we’re donating to 20 local charities, and we’d love your input on causes that matter most in our neighborhood. Learn more on the back and please share your suggestions.
What I’m noticing in the market
• For Sellers: Across most of the Westside, inventory was down 5–8% and homes sold in about 30 days, so sellers may have an upper hand. With price per square foot easing slightly from its Q2 high, it’s all about timing and the right list price to make the most of this momentum.
• For Buyers: Even though inventory hasn’t grown, 64% more homes changed hands this quarter, so competition is real. With square-foot prices dipping just a bit from their peak, moving swiftly and leaning on local market expertise can help you secure the best deal.