09/10/2026
US Existing Home Sales Edge Up
As someone who’s guided clients through every kind of market since 2004, I’m always keeping a close eye on the latest trends to help you make smart decisions—whether you’re buying, selling, or just keeping tabs on your home’s value. Early-Q3 numbers show US existing-home sales dipped 1.7% month-over-month, but interestingly, sales were still 0.7% higher than last year. That tells me the market remains resilient, even as we head deeper into summer.
The median price for existing homes reached $434,100, extending a remarkable 37-month streak of yearly price gains. For many homeowners, that’s more equity and an opportunity to watch your investment grow. Inventory remains tight, finishing Early-Q3 at 1.54 million homes—down 1.9% month-over-month and 0.6% year-over-year—which means buyers should stay ready and pay close attention to new listings.
Despite prices rising, housing affordability has actually improved nationally. This is encouraging news for those who are prepared and patient, as the right combination of value, timing, and available choices could create new opportunities. Mortgage rates on a 30-year fixed loan remain in the high-6% range, and any shift downward could make the summer market even more favorable for buyers.
Whether you’re considering a move in Virginia or North Carolina, or simply want to keep track of what’s happening in your neighborhood, I’m here to offer honest insights and local expertise. Your family’s goals are always my top priority.