Nationally, the housing market is showing good signs of strength and balance as we move into the fall season. New single-family home sales saw a solid 4.1% increase in September, reaching their highest levels in over a year. Current inventory is up more than 200% since 2022, and prices are also adjusting—down 7.4% from their peak last year. However, not all areas are seeing this adjustment. Be sure to ask your realtor what adjustment has taken place in your market.
Existing homes saw a slight dip in sales last month, though price growth has slowed to a more manageable 3% annually. Resale inventory is steadily increasing too, with a 4.3-month supply now, approaching the balance we typi...