Early in Q3, US existing-home sales slipped by 1.7% month-over-month, but still managed to edge up 0.7% compared to last year—evidence that completed transactions are holding slightly ahead of last summer’s pace. I always keep an eye on these shifts for my clients, as even small changes reveal a lot about market momentum. The median price for existing homes reached $434,100, marking the 37th consecutive month of yearly gains. For many homeowners, that means additional equity to monitor carefully, which can be an important consideration when weighing your options. Inventory finished Q3 at 1.54 million homes, down both 1.9% month-over-month and 0.6% from last year—a clear sign we’re still in a tight market. For buyers, keeping a close watch on available listings is key. Despite rising prices, housing affordability improved nationally, so those who are prepared and patient may find opportunities as value, timing, and choice begin to align. With 30-year fixed mortgage rates averaging in the high 6% range, any easing could bring added support for buyers as we move through the summer. My background in banking and commercial real estate continues to shape how I guide clients through these evolving dynamics—always focused on recognizing value, quality, and the right timing in every transaction.
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