09/04/2026
August market stats are in!
We are now on the back nine of the real estate cycle, with new listings, sales and prices decreasing. Inventory will follow suite as the existing inventory is absorbed heading into winter. If you've been waiting to buy your new home, then next few months provide excellent opportunities.
🏡 - Inventory is static, with 13,080 active listings. With fewer new listings coming to market, inventory will recede over the next few months.
💰 - Median sales price dropped again to $594,495. This should continue to decline as well as seller's look to move off from their homes and become more agreeable to price reductions.
📊 - New listings last month decreased by 10.2% Month over Month (MoM) to 4,893. Most sellers will wait until spring to list unless they have to move. There can be advantages to listing during low inventory months, though.
Year to date, our market has seen about 3.5% less sales compared to '25. We are in a correction period after the flurry of the early 2020's. Until rates decrease, this should be the norm going forward.
If you or someone you know are looking to buy or sell your next home, reach out and I'm happy to help!
https://craigharcek.8z.com/
(720) 938-7010