Lately, we’ve seen U.S. housing supply reach a six-year high—a big shift for anyone searching or selling right now. In Mid-Q3, new listings across the country ticked up around 3% month over month, reaching their highest point in over four years. Overall homes for sale rose by about 4%, the most we’ve seen since 2020. Even with this extra inventory, buyer demand held steady: pending sales didn’t budge, closed sales slipped just 1%, and prices climbed to a new period record. Mortgage rates nudged near 7%.
Why the change? More homeowners felt comfortable listing as the rate lock-in effect eased up, while life transitions—like job moves or family changes—prompted others to sell. Sellers also adjusted to a slower pace, giving buyers more room to weigh their options. By mid-Q3, about 60% of U.S. homes were selling below their original asking price. That gave buyers a real opportunity to negotiate on price, repairs, or closing costs, or even walk away if things didn’t feel right.
Having moved many times myself, I know how overwhelming these shifts can feel—especially in a market that’s more buyer-friendly but still carries high costs and steady demand. My role is to guide you through these ups and downs with empathy, clear communication, and a proactive plan, so your next chapter starts off on the right foot.
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