More Homes Hit the Market as Demand Cools

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Inventory is on the rise: in the four weeks ending August 23, new US listings edged up 0.4% and total homes for sale increased by 0.5%, reaching the highest numbers since early Q2. At the same time, pending home sales dipped by 1.1%, hitting a six-month low—housing costs near 7% mortgage rates have understandably kept some buyers on the sidelines, even as more options come to market. The median US sale price is up 1.9% year over year, now above $400K. For those currently searching, these market shifts are creating more buyer-friendly conditions, opening room for negotiation on price cuts or concessions in many areas. Properties that have been listed for several weeks often present the best leverage for buyers, while sellers are seeing success with realistic, market-aligned pricing rather than aiming for last year’s highs. My approach centers on honest guidance and clear communication, ensuring clients understand these shifts and can move forward with confidence—whether you’re buying, selling, or investing.

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