We're seeing a subtle but important shift in the national housing landscape: in the four weeks ending August 23, new US listings edged up 0.4% week-over-week, and total homes for sale increased 0.5% to the highest point since early Q2. Yet, pending home sales slipped 1.1%, hitting a six-month low as elevated housing costs—plus average mortgage rates hovering near 7% (a 13-month high)—kept many buyers on the sidelines.
The median US home price rose 1.9% year-over-year, landing just above $400K. But with more homes available and slightly softer demand, buyers now have a bit more negotiating power—especially for properties that have been on the market for several weeks. Sellers who price realistically are seeing the most activity, rather than trying to capture the highs of previous years.
After 24 years guiding Austinites through all kinds of markets, I know these numbers can feel overwhelming, especially if you’re weighing your options in a changing environment. My approach is always rooted in clarity and data—no pressure, just honest insight tailored to your needs. Whether you’re moving up, downsizing, or just curious, I’m here to help you make sense of what these shifts mean for your next step in Austin.
Leave a Reply