Lately, I’ve been hearing from a lot of you about shifting market conditions, and I want to share what I’m seeing firsthand across the Emerald Coast and Northwest Florida. Over the four weeks ending August 23, new listings in the US ticked up 0.4% and total homes for sale rose 0.5%, reaching the highest inventory since early Q2. At the same time, pending home sales dipped 1.1% to a six-month low, largely because higher housing costs are keeping many would-be buyers on the sidelines—even as more options appear.
The median home-sale price nationally is up 1.9% year-over-year, now above $400,000, and average mortgage rates are hovering around 7%, the highest we’ve seen in over a year. What does this mean for you? If you’re actively searching, rising inventory and softer demand are creating more buyer-friendly conditions. I’m seeing clients have real room to negotiate price cuts or concessions, especially on homes that have been listed for several weeks. For sellers, realistic pricing—not chasing last year’s numbers—is making all the difference right now.
As always, I believe that clear guidance and honest communication help you make decisions you feel good about. If you’re wondering how these trends might affect your plans, know that I’m here to support and educate you every step of the way.
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