We're seeing a real shift in the housing market this Mid-Q3, as price per square foot has declined year-over-year in 36 of the 50 largest U.S. metro areas. Nationwide, that figure is down about 2% compared to last year—the tenth consecutive month of softer prices. It's clear that sellers and buyers are adjusting expectations, with asking prices coming down in some areas to bring both sides closer together. High mortgage rates remain a hurdle for many, especially in regions that saw significant growth during the pandemic, and we're also noticing inventory levels above pre-pandemic norms. As someone dedicated to putting clients first, I believe understanding these shifts—and how they affect your specific situation—is key to navigating the current landscape with confidence. My approach always centers on listening closely to your needs and guiding you with integrity and expert insight through changing market conditions.
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