Lately, I've been watching the market with a professor’s eye for clarity—and the numbers tell a story. US existing home sales just slipped to a 14-month low, settling below 4 million in Mid-Q3 (specifically, a 3.98M annual pace after a 2% month-over-month dip). Nationally, we're seeing softer buyer activity, but that doesn’t mean the opportunities have dried up. In fact, with a 30-year fixed mortgage averaging near 7% and housing supply stretching to 4.9 months, buyers are getting more choices than we've seen in a while. Listings are building up across the country, and that gives you more room to negotiate—a point even the economists are highlighting. The median price for existing homes reached a Mid-Q3 record at $429,100, with higher-priced homes leading the way in activity. Rising wages and strong job gains are still supporting demand, and first-time buyers made up 30% of purchases in Mid-Q3. About 27% of deals were cash, and homes are spending an average of 31 days on the market. Whether you’re a first-timer or looking for something special for your family, there’s more to consider—and more room to make your move work for you.
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