09/26/2025
This article sheds some light on how the fall real estate market is taking shape.
~ Longer market times have led to more impactful price adjustments, which then cause more affordable prices in all price ranges of homes. The buyer type with the most to gain here is the 1st time home buyer. With interest rates now under 6.5% and homes becoming more affordable, it lends to a hopeful fall buyer's market, especially for those looking to put their renting days behind them.
~ With the fall season typically bringing fewer home purchase offerings, the buying public has a chance to maximize value as competition/inventory tends to be more scarce. The research cited in the article suggests a quickly approaching buyer advantage window of October 12th-18th.
~ From a sales data perspective, amongst economic uncertainty, home sales volume is up 2.1% over the last month and 3.2% compared to this time last year. In addition to volume, the median sales price saw an increase of 4.5% over the last twelve months.
Please do reach out to Kelly or myself if you've any questions of if we can help you in any way.
Signs point to a "second spring market" while recent mortgage rates rekindle buyer interest. Read more from NAR’s latest housing report.