We’ve seen a notable shift in the new home market: sales of new single-family homes fell by 10.5%, reaching just 607,000—the lowest since January. Higher mortgage rates and that lingering economic uncertainty are playing their part. If you’re watching listings, you’ll notice inventory actually bumped up 1.9% to 488,000 homes, now offering a 9.6-month supply. And for those keeping an eye on budgets, the median price dropped 2.3% to $393,800.
I know that these numbers can feel overwhelming, especially if you’re a first-time buyer or figuring out your next move. My approach—shaped by years of guiding Shelby County families and my own experience moving—has always been about breaking down the numbers and options so you can see what fits your needs. Whether you’re upsizing, downsizing, or just starting out, I’m here to help make sense of what’s happening in the market so you can make the right move for your family.
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