We're seeing a notable shift in the US housing landscape: in the four weeks ending August 23, new listings ticked up by 0.4%, and total homes for sale grew by 0.5%, reaching their highest point since early Q2. Yet, despite this increase in inventory, pending home sales dropped 1.1% to a six-month low, largely due to elevated housing costs keeping many buyers on the sidelines. The median home-sale price climbed 1.9% year-over-year, holding above $400K, with average mortgage rates hovering near 7%—almost a 13-month high.
For buyers, this means more choices and, in many cases, stronger negotiating power—especially for homes that have been on the market for several weeks. Sellers who price realistically are seeing the best results, rather than aiming for prices from previous years.
In my work across the Greater Seattle and Eastside markets, I rely on transparency and data-driven insights to help clients navigate these evolving conditions with clarity. Thoughtful market analysis makes all the difference when deciding when and how to make your next move.
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