09/10/2026
US Existing Home Sales Edge Up
As someone who’s spent over 25 years helping clients navigate real estate in Apache Junction and the East Valley, I’m always watching the numbers closely—especially as we move through Early-Q3. Existing-home sales across the US dipped 1.7% month-over-month, but the market still held strong with a 0.7% yearly increase, showing buyers and sellers that activity remains steady compared to last summer. The median price for existing homes hit $434,100, marking 37 straight months of annual price gains. That’s more equity in homeowners’ pockets—a trend I’ve seen firsthand, especially in premier equestrian properties. Inventory remains tight, ending Early-Q3 at 1.54 million homes (down 1.9% MoM and 0.6% yearly), so keeping an eye on listings is key for anyone house hunting right now. Interestingly, national housing affordability has improved a bit, even as prices climb. For those prepared and patient, there are still opportunities when the right value, timing, and choices come together. Mortgage rates are hovering in the high-6% range for a 30-year fixed loan, and any shift downward could create an opening for buyers as we make our way through the rest of summer.
