Lately, we’re seeing more homes become available—with new listings up 0.4% and total homes for sale rising 0.5% in the four weeks ending August 23, reaching their highest levels since early Q2. Yet, many buyers are hitting pause, as pending home sales dipped 1.1% to a six-month low. High housing costs and mortgage rates near 7% (the highest in 13 months) are giving buyers reason to wait, even as options improve.
For those navigating today’s market, this increase in inventory is creating more favorable conditions for buyers. There’s more room to negotiate on price or request concessions, especially when a home’s been listed for several weeks. Sellers who embrace realistic pricing rather than aiming for last year’s numbers are seeing better results. As always, I’m committed to helping clients—whether you’re weighing your first purchase, thinking about a move, or ready to sell—make confident, informed decisions in this shifting landscape. Your goals and peace of mind come first.
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