Mortgage Rates Hover 6.7% — Should You Wait or Act Now?

I'm pleased to provide you with a real estate market update for August 16–31, 2025. Here's what you need to know. 

Active Listings: 93 (New: 8)

Pinedale: 47, Boulder: 18, Daniel: 13, Merna: 1, Cora: 5, Bondurant: 7

Pending Sales: 16 (New: 7)

Closed Sales: 2

Price Improvements: 7, with a median reduction of 15%

MARKET OVERVIEW

Stable Inventory, Cautious Buyer Behavior: Despite a flurry of new activity, the overall inventory remains steady at 93 homes. This signals a market pause as buyers await lower mortgage rates.

Smart Pricing Wins: Of the seven homes that went under contract, five were on the market less than 4.5 months and six were priced under $600K. Notably, five sellers who offered price reductions soon saw contracts.

Closed Deals Reflect Strategic Moves: Two homes sold below $500K—one above list, one 2.5% beneath—after a thoughtful price adjustment.

Looking Ahead: With September ushering in fall deals, we anticipate renewed buyer activity amidst market shifts.

WHAT THIS MEANS FOR BUYERS AND SELLERS

For Buyers:

Now’s the time to act. Inventory is healthy, and sellers are motivated.

Careful pricing trends and rising inventory are shifting leverage back to buyers. (Forbes predicts mortgage rates may dip toward 6.4% by year-end.)

Nationally, buyers are gaining power as the market cools. (NAR notes that rate-sensitive buyers are watching key thresholds.)

For Sellers:

Homes priced to align with the market—especially under $600K—are moving more swiftly.

Strategic, mid-market reductions (e.g., 10–15%), particularly after 60 days, can spark renewed interest. (NAR article explains timing tactics like midweek reductions to grow visibility.)

Mortgage Rate Snapshot

30-year fixed rates hover around 6.58–6.60%, softer than earlier 2025 highs but not substantially lower. (AP News reports this as the lowest level in nearly 10 months.) Historically, expert forecasts anticipate a modest slide toward the 6.4% mark by year’s end—but no dramatic drops. (MortgageReports.com)

READY TO MAKE YOUR MOVE?

Buyers: Don’t wait on rates alone—strategic pricing and market insights make today actionable. Want help crafting a winning offer? Let's talk.

Sellers: If you’ve hesitated to drop price, now is the moment if you need to sell—especially for homes under $600K. Need help pricing for a quick sale?

Call or text me now at 307-231-6486. With local expertise and real-time access to the MLS, I’ll help you buy smart or sell successfully this fall.

Warm regards,
Vanessa Cameron
Your Trusted Sublette County Realtor