US homebuyer demand dropped again in June 2025 – with contract signings for houses declining 2.8% year-over-year to one of the lowest levels on record. At this point, homebuyer interest in the market is even lower than what was experienced in the depths of the 2008 housing crash. The question is: will we see a similar decline in prices this time around?

The National Association of Realtors reports the number of pending home sales in America every month. In June 2025, their pending sales index fell to a 72. This is now down almost 30% from the long-term average and is down almost 50% from the peak during the pandemic. Such lower buyer demand is now resulting a big increase in the number of homes for sale in markets like Nashville, TN, where I filmed this video. Here is a direct video link.

In the next couple of months we may see a slight improvement in home sales in BC & Ontario. Compared with 2024 which might have been the WORST year ever. But will the slight bump = a sustained recovery? And will house prices rise as well?  Here is a direct video link.