September brought some shifts to the U.S. housing market that are worth noting. For the first time in eight months, pending home sales slipped into negative territory compared to last year—higher borrowing costs have definitely slowed buyer activity. We’re also seeing homes take about 60 days to sell, and mortgage rates have climbed from around 6% earlier this year to the high-6% range now. That said, buyers are finding a bit more leverage: the median list price has dipped to $424,500, about 20% of listings have seen price cuts, and active inventory is up by roughly 4%. Even so, national inventory remains about 11% below typical pre-pandemic levels, which means there’s still a housing shortage beneath the surface. As your dedicated Realtor with West USA Realty, I always keep an eye on these trends—especially seller delistings and pricing strategies—so I can share honest, up-to-date advice with my clients. It’s an ever-changing market, and I’m here to help you navigate whatever comes next with integrity and family values at the heart of everything I do.
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