07/22/2026
🏡 Waiting for rates to drop? You might be waiting while home prices keep climbing.
Here’s the reality 👇
📈 June 2026 home sales were up 25% compared to last year.
📉 Single family inventory is now under 4 months, creating more competition.
💰 The median home price jumped from $626,000 to $700,000 in just one year.
📊 Mortgage rates? They’re sitting around 6.75%, almost exactly where they were this time last year.
So while many buyers were waiting for lower rates... they ended up facing much higher home prices instead.
The difference? Buying the median-priced home today versus last year could mean paying nearly $400 more every month with the same down payment and interest rate. (THAT’S $4800 per year!) 😲
The best time to buy isn’t when the market is perfect. It’s when you’re financially ready. You can refinance a mortgage rate later, but you can’t rewind home prices. ✅
Thinking about buying but not sure if now is the right time? Send me a message. I’d be happy to run the numbers with you. ✏️🏡
