New Listings Rise as Summer Comes to a Close

As summer draws to a close, we’re seeing some interesting shifts in the housing market. New home listings in the U.S. have risen by 1.2%, reaching a three-month high. At the same time, pending sales have dipped by 1.3%—the lowest since March. It’s also notable that the median asking price has edged down by 0.1%, even though the median sale price is still up 1.8% compared to last year. These numbers reflect the ongoing impact of higher mortgage rates and economic uncertainty. Staying ahead of these trends is essential, and my innovative approach means every property I represent is positioned for success, no matter how the market moves.