Lately, I've noticed a subtle but important shift in our real estate market—one that may open new opportunities for both buyers and sellers. Over the four weeks ending August 23, we saw a 0.4% weekly increase in new US listings and a 0.5% rise in the total number of homes for sale. That’s the highest inventory we've had since early in Q2. At the same time, pending home sales dipped by 1.1% to a six-month low, as high housing costs continue to keep many buyers on the sidelines, even with more homes becoming available across the country.
The median sale price for US homes rose 1.9% year-over-year, now topping $400,000, while average mortgage rates hovered near 7%—the highest in over a year. This combination of rising inventory and softer demand is leading to more buyer-friendly conditions in many markets. For those actively searching, there’s more room to negotiate on price or ask for concessions, especially on homes that have been listed for several weeks. Sellers who approach pricing realistically—rather than holding out for last year’s highs—are the ones seeing the best results.
I always focus on listening closely to what my clients need, whether you’re hoping to buy within your budget or position your property for maximum return. Navigating these changes takes experience and a thoughtful approach. As always, I’m here to make sure you receive the attention and resources you deserve, no matter what side of the transaction you’re on.
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