09/01/2026
🏡 August Market Update – Inventory Continues to Build ☀️📊
August continues the trend we've been watching throughout the summer: inventory is growing while buyer activity remains steady. Active listings increased again, moving from 845 to 917, while new listings jumped from 299 to 369. That means buyers are seeing more choices than they've had in previous months, and sellers are continuing to bring homes to market.
Despite the significant increase in inventory, homes sold remained remarkably stable, moving slightly from 148 to 151. The average days on market also remained virtually unchanged, increasing from 100 to just 101 days. This is an encouraging sign that the growing supply of homes isn't causing a major slowdown in the pace at which properties are selling.
The biggest movement this month came in pricing. The average sold price declined from $273,613 to $247,992. While this is a noticeable drop, it's important to remember that monthly averages can be heavily influenced by the mix of homes that sell during a given period. With significantly more inventory entering the market, buyers may also be finding more opportunities at a variety of price points.
Looking at the bigger picture, August is reinforcing the shift toward a more balanced market we've seen developing over the past several months. Inventory is expanding, sales are holding relatively steady, and days on market remain consistent. As we move toward the fall market, buyers may have more negotiating power and choices, while sellers will need to focus on competitive pricing and strong presentation to stand out.
If you're considering buying, selling, or simply want to know what these market changes mean for your home, let's connect. I'd love to help you understand the numbers and create a strategy that makes sense for your real estate goals! 🏠💼