As someone who keeps a close eye on the real estate landscape for my clients, I noticed that sales of new single-family homes took a notable dip in July, down 10.5% to a 607,000 annual rate. That's also a 6.3% decrease compared to last year. Inventory actually increased to 488,000 units, while the median price edged down by 2.3% to $393,800. Interestingly, the Northeast bucked the trend with a rise in sales, while other regions saw declines. For both buyers and sellers, these shifts can mean new opportunities—and challenges. My approach is always to listen carefully and guide clients through changes like these, whether it’s matching buyers to the right fit or helping sellers see the big picture. Staying informed is just one of the ways I make sure your needs come first.
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