Orange County, NY Home Prices Rise Amid Supply Increase Q2 2025

The real estate market in various regions of North America in 2025 reflects a mix of rising prices, increased inventory, and economic uncertainties impacting demand. In New York's Orange County, median home prices increased modestly in the second quarter and July, with some relief for buyers due to a 6.2% rise in homes for sale despite a slight drop in closed sales. Conversely, Western Canada's residential land market faces a significant downturn, with a drastic reduction in sales and new developments delayed amid macroeconomic uncertainties and slow municipal approvals. Industrial real estate demand in the U.S. is subdued due to shifting tariffs and high interest rates, with absorption declining in the first half of 2025 but expected to rebound in 2026 as the market adjusts. In Portland, Oregon, a surplus of homes and high interest rates have created a buyers' market, with many homes taking months to sell, though some optimism exists for rate reductions and increased development activity in 2026. Overall, economic factors such as tariffs, interest rates, and political climate are influencing real estate dynamics across residential, land, and industrial sectors.