Navigating the current real estate landscape means keeping tabs on every shift—big or small. Early in Q3, US existing-home sales dipped 1.7% month-over-month but still edged up 0.7% compared to last year, which shows just how steady the market can be even as things fluctuate. Median existing-home prices climbed to $434,100, marking 37 straight months of year-over-year gains. That’s a lot of homeowners seeing their equity grow—something I always encourage my clients to monitor, whether they’re thinking about their next move or simply planning ahead.
Inventory remains tight with 1.54 million homes on the market, down 1.9% from last month and 0.6% from last year, making it even more important for buyers to stay on top of listings. I always tell buyers that preparation is everything—housing affordability has actually improved nationally, despite rising prices, so those who are ready can act quickly when the right opportunity presents itself. With mortgage rates holding in the high-6% range for a 30-year fixed, any movement on rates could open up even more possibilities as summer continues.
Whether you’re buying, selling, or just keeping an eye on your options, I’m here to help you match your needs to the ever-changing market. Staying informed and attentive to your goals is what I do best.
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