For buyers in Gold River and the surrounding Sacramento area, this means mortgage rates are likely to remain near 7%, at least for now.
Existing Home Sales Stagnate While Inventory Climbs
According to the latest housing data, existing home sales dipped 2.7% in June 2025, landing at an annualized pace of 3.93 million units—similar to what we saw in 2008. At the same time, inventory levels remain elevated with 1.53 million homes for sale, representing 4.7 months of supply, the highest in years.
The median sales price ticked up to $435,300, but homes are spending more time on the market—27 days in June compared to 22 days last year.
Buyers Are Gaining Negotiating Power
More inventory and high mortgage rates mean less competition for each listing. In June 2025:
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Only 21% of homes sold above asking price, compared to 29% last year.
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Average offers per home fell to 2.4, down from 2.9 in June 2024.
For Gold River buyers, this shift presents opportunities to negotiate better deals, especially on homes that have been sitting on the market.
First-Time Buyers Still Finding a Way
Despite affordability challenges, 30% of June’s home purchases were by first-time buyers, proving that homeownership is still achievable with the right guidance and loan programs. Pacific National Lending specializes in low down payment options, first-time buyer loans, and down payment assistance—all designed to help local buyers achieve their homeownership goals.
Cash Buyers Remain Active
High mortgage rates are giving cash buyers a big edge, making up 29% of all June home sales nationwide. But with the right financing strategy—especially programs like rate buydowns or low down payment options—you can stay competitive even without all-cash offers.
What’s Next for the Market?
The National Association of Realtors now forecasts just 3% sales growth in 2025, but expects a major rebound in 2026 if rates dip closer to 6%. More inventory is expected to come online, which will give buyers even more options.
How Pacific National Lending Can Help
At Pacific National Lending, we know this market can feel overwhelming—but it’s also full of opportunity. With inventory rising and competition cooling, now is the perfect time to get pre-approved and shop with confidence.
We offer:
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First-time homebuyer programs
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FHA, VA, USDA, and conventional loans
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Down payment assistance
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Low down payment mortgage options
Ready to Make Your Move in Gold River?
Our team is here to help you navigate today’s market and find the right mortgage solution for your needs. Whether you’re buying your first home or upgrading to your dream home, we’ll guide you every step of the way.
Contact Pacific National Lending today to get started—and take advantage of this shifting market while buyers still have the upper hand!