Homer Market Half-Yearly Update 2025

The latest numbers are in—and they tell a story worth listening to. From January through early June of this year, the residential real estate market across the greater Homer area, from Skyline to Fritz Creek, has shifted. Not dramatically. Not disastrously. But decidedly.

At first glance, you’ll see fewer homes under contract, slightly fewer closings, and a modest dip in buyer activity. Some might rush to label this a downturn. But that would be a misread of what’s really happening.

This isn’t a crash. It’s a correction…a healthy return to balance after the frenzied pandemic surge that sent pricing and urgency into overdrive. Remember those days? Multiple offers. Waived contingencies. Homes sold before the ink on the sign had dried.

What we’re experiencing now is a welcome shift toward stability.

Inventory is up 15%, giving buyers more to choose from and reducing the pressure that had been driving bidding wars. The median sale price has risen by 12% - a steady, realistic increase. The average sale price, meanwhile, jumped 26%, but let’s be clear: that doesn’t mean all home values are up by that much.

The average was pulled upward due to higher-end sales—more expensive properties selling this year compared to last. When you pair that with the rise in the median price, it tells a story not of runaway appreciation, but of a well-functioning market with movement across a healthy range of values.

In areas like Diamond Ridge and Homer proper, price growth is paired with solid, steady demand. In places like Kachemak and McNeil, we’re seeing fewer sales but at significantly higher price points—a sign that buyers are choosing quality and value over volume.

At Story Real Estate, our role is not to sensationalize, but to clarify. The numbers are real. But what they mean, and how they’re applied, matters more.

This is a market that requires experience, communication, and strategy. Deal structure, pricing, and negotiation must be thoughtful. This isn’t 2021. Today, success isn’t about how fast you move—it’s about how well you move.

And that’s where communication comes in. Not just to understand the market—but to be understood in it. Whether you’re buying, selling, or simply staying informed, our mission at Story Real Estate is to help you navigate with confidence and clarity.

Because the real story of this market is not panic or decline.
It’s balance.

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