We're seeing a shift in the market: in the four weeks ending August 23, new listings across the US edged up 0.4% week over week, and total homes for sale increased 0.5%, reaching their highest point since early Q2. Yet, even with more options available, pending home sales dipped 1.1%—a six-month low—since high housing costs are keeping many buyers waiting on the sidelines. The median sale price nationwide is up 1.9% from last year, sitting above $400,000, and average mortgage rates are hovering near 7%, close to a 13-month high. For those actively looking, this environment is opening up more buyer-friendly opportunities, with extra room to negotiate price cuts or concessions in many areas. In my experience serving the West Valley for over two decades, I've found that homes listed for several weeks often present buyers with the best leverage. Meanwhile, sellers are seeing stronger results when they price realistically, rather than chasing numbers from years past. My focus is always on helping you navigate these changes with confidence and clarity.
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