We're seeing a shift take shape in the national housing market: Over the four weeks ending August 23, new listings in the US ticked up by 0.4%, and total homes for sale increased by 0.5%—reaching their highest point since early Q2. At the same time, pending home sales dipped 1.1% to a six-month low, as high housing costs left many buyers waiting on the sidelines, even with improving inventory. The median sale price rose 1.9% year-over-year to just over $400K, and average mortgage rates hovered near 7%, close to their highest in 13 months.
For buyers in today’s market, this dynamic of rising inventory and softer demand is creating new negotiation opportunities—especially on homes that have been listed for several weeks. Sellers are finding that realistic pricing is key, rather than aiming for the peaks of past years.
As someone who works daily with buyers, sellers, and investors in Central Ohio, I see how these national trends translate locally. My approach is always to provide clear guidance—whether you’re navigating multiple offers or seeking the right moment to make a move. In a market that’s changing week by week, transparency and strategy matter more than ever.
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