As we navigate this evolving real estate market, I’m closely tracking the latest numbers to help you make informed decisions. New listings in the US rose by 0.4%, and total homes for sale increased by 0.5%, pushing both to their highest points since earlier this year. Yet, pending home sales dipped by 1.1%, now at a six-month low, as buyers are facing the challenge of median prices above $400,000 nationwide. With mortgage rates holding steady in the mid-6% range and many waiting out economic uncertainty or hoping for more favorable rates, some buyers are pressing pause.
This shift means inventory is building while demand softens—a scenario where active buyers may find more negotiating room. Price reductions, seller concessions, rate buydowns, or even repairs on longer-listed properties can be on the table. There’s a window of opportunity for buyers to act before activity potentially picks up again later in the quarter. For sellers, it’s essential to price your home correctly from the start to maximize your results.
My approach is to blend local expertise with data-driven strategies, ensuring my clients have the insights and support needed to make the most of these changing dynamics—whether you’re buying or selling.
