09/09/2026
US Existing Home Sales Edge Up | SarasotaLuxuryRealEstate
Market shifts can sometimes be subtle, and as someone with deep roots across Florida real estate, I always pay close attention to the patterns beneath the headlines. Early in Q3, U.S. existing-home sales saw a slight month-over-month dip of 1.7%, yet still managed a 0.7% increase compared to last year—a sign that completed transactions are holding steady above last summer’s level. The median price for existing homes now sits at $434,100, marking the 37th consecutive month of annual price gains. For many homeowners, this has meant a continued rise in equity, which is always worth monitoring—especially for those considering their next move in our vibrant market.
Inventory finished Early-Q3 at 1.54 million homes, down 1.9% from the previous month and 0.6% from a year ago. This underscores the importance for buyers to keep a close eye on new listings, especially in a market where choices remain tight. Interestingly, national housing affordability improved recently, even as prices rose. For buyers who are prepared and patient, this could present opportunities when the right home, timing, and value come together.
Mortgage rates have hovered in the high-6% range for a 30-year fixed loan, but should we see any rate relief, it could further support buyers as summer unfolds. Throughout my 35 years helping clients make smart moves in markets like Sarasota, I’ve found that being informed and ready is the best strategy—whether you’re buying, selling, or simply watching the trends.
