Market Update: Strong Sales, Steady Prices

What's new?

* Sales up 12% Single-family closings reached over 8,000, and total property sales rose more than 9% year over year.

* High supply Active listings hovered near 39,000, roughly 30% above last year. Months of inventory moved to about 5, so buyers have options.

* Prices flat Average and median prices were roughly $422,700 and $335,000. No big swings means steady budgets.

For buyers, the takeaway is choice. You can shop without the fear of bidding wars.

For sellers, pricing right and being open to negotiation will keep your home from sitting. Days on market nudged up to about seven weeks, so patience and realistic expectations are key.

By following these simple tips, you'll feel more confident about buying your first home.

Want to get started on your home-buying or selling journey? Text HOME to 832-639-4884 or click HERE to begin!

Resources: August market data Sales growth, inventory levels and pricing Days on market & inventory Insights on homes taking longer to sell and what that means for negotiation Buyer vs seller strategies Guidance on using high supply and flat prices to your advantage