10/15/2026
🧠💪🏼 KNOWLEDGE IS POWER
How’s real estate? Well don’t take my word for it - see for yourself!
September marked a true shift in a few areas, from median sales price to inventory supply! While interest rates have spiked, interest in homeownership is still alive and well - and we are seeing much more balance than in previous markets. Let’s dive in…
Median sales price is DOWN from last month at $375,000. Last September it was $365,00 ⬇️ Pending sales are down YOY, and down from last month at 2,009 ⬇️ Settled sales are UP YOY at 2,142 ⬆️ Average market time is up to 30 days ⬆️ Month’s supply of inventory is also up at 2.97 ⬆️
Buyers - get the money up front… LITERALLY! We haven’t seen a balance like this in a while, and it’s an advantage you’ll want to capitalize on while you can. Closing cost assistance? Repairs? Concessions? They’re all usually possible. That rate? Well, you’re likely not stuck with it forever, but the second those drop you can expect less in seller concessions as your competition rises!
Sellers - be realistic! More inventory means UOU are the ones competing, now. Buyers have options and they’re taking their time. Do what you can to ensure a successful sale that gets to the closing table, and be prepared for a give-and-take in this market!
Information provided by REIN MLS.
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