09/10/2026
US Existing Home Sales Edge Up
Early Q3 data shows US existing-home sales dipped 1.7% month-over-month but still managed a 0.7% increase year-over-year—evidence that completed transactions are holding just above last summer’s pace. The median existing-home price reached $434,100, extending a 37-month streak of annual price gains. For many homeowners, this means even more equity to keep an eye on—a trend our team at ERA Central Realty Group has watched closely across central New Jersey.
Inventory remains a key storyline: Early Q3 saw 1.54 million homes on the market, down 1.9% from the previous month and 0.6% from a year ago. It’s a reminder for buyers to keep a close watch on available listings, especially in a market that’s still tight on supply. Nationally, housing affordability actually improved despite rising prices, suggesting that well-prepared buyers may find the right moment when value, timing, and opportunity align.
With 30-year fixed mortgage rates hovering in the high-6% range, every rate shift can make a real difference for buyers looking to secure their next home. As a broker and partner at ERA Central, I’ve seen firsthand how staying informed and working with a knowledgeable team can put buyers and sellers in a position to succeed—especially when the market is moving quickly.