As someone deeply connected to our local real estate market, I always keep an eye on the numbers and trends shaping your options. Recently, about one in five homes on the market dropped their price in late Q3, while less than 6% were delisted—meaning most sellers chose to stay in, adjusting their expectations instead of stepping back. Mortgage rates played a big part, with the conforming 30-year fixed rising from the high-6% range to over 7% by mid-month, pushing some buyers to pause or reconsider. Meanwhile, active inventory reached over 1.16 million homes, and the median listing price edged down around 1% month-over-month to $419,300, giving buyers a bit more negotiating power. New listings dipped by about 2%, and many buyers found higher borrowing costs made it harder to take advantage of the increased inventory. As we step into early Q4, it’s worth watching whether these market shifts will lead to deeper discounts, more frequent price changes, or longer selling times. Navigating these changes takes local insight—and I’m always here to share what I’m seeing on the ground.
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