The Van Gundy Report: Real Estate Market Update May 2025
As spring shifts toward summer, the Summit County real estate market is showing signs of renewed energy. The May 2025 market update offers a pulse check — revealing where demand is heating up, where pressure is mounting, and what both buyers and sellers should keep an eye on as we head into the busier months.
Market Highlights from May 2025
Uptick in Activity
May saw more movement than the preceding months. Listings that are well positioned — in terms of location, price, and condition — are receiving attention. The video frames May as a transition month, where winter’s quiet gives way to summer’s momentum.
Inventory & Pricing Trends
Supply remains a critical factor. The video suggests that the market is somewhat constrained, especially for listings that meet buyer expectations. In that environment, properties that are overpriced or under-prepared tend to lag.
Pricing is holding fairly steady overall, with a few pockets showing softness. The video underscores that properties with desirable attributes — e.g. good upkeep, attractive amenities, location — are better insulated from downward pressure.
Buyer Behavior & Negotiation Space
Buyers are becoming more selective again. Many are seeking homes that demand minimal additional investment. The video notes that negotiation leeway is creeping back in, particularly for homes in upper price ranges, or those with features that require updates or repairs.
Market Segments to Watch
The video hints that higher-priced single family homes and townhomes may see more variability in demand and negotiation. In contrast, well-priced condos (especially newer ones or in good condition) tend to hold steadier demand.
Additionally, some listings are requiring price adjustments to stay competitive — something sellers should monitor closely.
What It Means for Buyers & Sellers
For Sellers
Price smartly from the start. Overpricing can be more costly in a market where buyers are discerning.
Polish up what you can — staging, maintenance, and presentation matter more.
Be flexible and responsive with offers, especially early in this seasonal surge.
For Buyers
Be ready to move quickly — well-priced, well-conditioned homes draw interest early.
Use any negotiation leverage wisely — especially on homes needing updates or in higher brackets.
Focus on homes that minimize future maintenance or renovation costs.
Looking Ahead: What to Watch in Summer 2025
Will buyer activity continue climbing in June and July? The video frames those months as pivotal.
How much will price adjustments become part of the norm, especially for more ambitious listings?
Which market segments will defy trends (e.g. luxury homes, ski-area condos)?
How will macro factors — interest rates, regional economy — influence buyer confidence?
