We're seeing a shift in the national real estate landscape, with more homes hitting the market and demand cooling slightly over the past month. In the four weeks ending August 23, new U.S. listings increased by 0.4% week over week, and total homes for sale rose by 0.5%—reaching their highest point since early Q2. However, pending home sales dropped 1.1% weekly, hitting a six-month low, as higher housing costs have kept many buyers on the sidelines, even as inventory improves across the country. The median U.S. home-sale price increased 1.9% year over year to over $400,000, while average mortgage rates hovered near 7%, close to a 13-month high.
For those actively searching, these conditions are creating more buyer-friendly opportunities—there’s more selection and often more room to negotiate on price or ask for concessions in many markets. Homes that have been listed for several weeks tend to offer the best leverage for buyers, while sellers are seeing the greatest success with realistic pricing strategies, rather than holding out for price points from previous years.
With my background in both real estate and mortgage financing, I help clients navigate these changing conditions—whether they’re buying, selling, or investing here in SW Florida. Staying informed and adaptable is key to reaching your real estate goals.
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