Home Sales on the Rise, but Momentum May Be Fading

In July, we saw a 7% increase in home sales and a modest annual rise in home values to $371,757. Active inventory inched up to 1.41 million homes, giving buyers a few more options. Mortgage payments dipped by 0.9%, though that trend may not last. The median days to pending climbed to 25, and 27.1% of listings adjusted their prices.

As someone who’s navigated many market cycles over the years, I keep a close eye on these shifts to help my clients make informed decisions. Whether you’re thinking about your next move or simply curious how these trends could impact your plans, I’m here to offer tailored guidance and local perspective so you can move forward with confidence.