We’re seeing a noticeable shift in the real estate landscape: over the four weeks ending August 23, new US listings increased by 0.4% week-over-week, and total homes for sale also rose by 0.5%, marking the highest inventory since early Q2. Yet, even with more homes available, pending US home sales dipped 1.1% week-over-week to a six-month low—high housing costs are still keeping many buyers on the sidelines, despite the national improvement in inventory. The median US home-sale price climbed 1.9% year-over-year, topping $400,000, while average mortgage rates hovered near 7%, approaching a 13-month high.
For my clients in Greater Boca Raton and Delray Beach, this type of market brings opportunity—rising inventory and softer demand mean active buyers can often negotiate on price or request concessions, especially on properties that have been listed for several weeks. Sellers who align their pricing with today’s realities, instead of chasing last year’s numbers, are seeing the most success. My focus is always on keeping you fully informed and ensuring your decisions are based on the latest data and market dynamics. As always, client satisfaction remains my top priority throughout every step of your buying or selling journey.
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