We’re seeing the most robust housing supply in over six years. By mid-Q3, new U.S. listings climbed about 3% month-over-month to their highest point in more than four years, and total homes for sale rose 4%, reaching a level we haven’t seen since 2020. Even with more homes available, buyer demand remained steady—pending sales didn’t budge, closed sales dipped 1%, and prices still set a period record with mortgages edging close to 7%.
This shift in supply is driven by more homeowners listing as the grip of rate lock-in relaxes and life changes prompt new moves. Sellers are adapting to a slower pace, giving buyers more breathing room to compare options. I’ve noticed nearly 60% of U.S. homes sold below their original asking price by mid-Q3—creating genuine opportunities for buyers to negotiate price, repairs, or even closing costs.
For those who can afford to be in the market, it’s a friendlier landscape than recent years—there’s more space to weigh choices and negotiate, even as costs remain high. With 17 years in Arizona real estate and a background spanning lending and commercial deals, I thrive on guiding buyers and sellers through these shifting dynamics. Helping you find not just a house, but a place you truly love, is what drives my passion for residential resale.
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