We’re seeing a noticeable shift in the housing market right now. Over the four weeks ending August 23, there was a slight uptick in new listings (up 0.4% weekly) and total homes for sale (up 0.5%), pushing inventory to its highest point since early spring. Yet, pending home sales dropped by 1.1% week-over-week to the lowest level in six months, as many buyers are pausing—understandable with the median home price now over $400,000 (up 1.9% year-over-year) and average mortgage rates hovering near 7%.
This mix of increased inventory and softer demand is creating more buyer-friendly conditions across many markets. If you’re actively searching, you might find more room to negotiate on price or ask for concessions, especially on homes that have been listed for several weeks. For sellers, realistic pricing is key—chasing last year’s numbers can mean more time on the market and less leverage.
What stands out to me, after years of guiding Northeast Florida buyers and sellers, is how important it is to have honest advice and a steady hand in times like these. Whether you’re considering a move or just want clarity on what this market means for your plans, I’m always here to make things feel clear and manageable.
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