As we move toward the end of summer, I’m seeing new home listings in the U.S. tick up 1.2%, reaching a three-month high. At the same time, pending sales have slipped 1.3% to their lowest point since March, while the median asking price has dipped slightly by 0.1%. This comes even as the median sale price is 1.8% higher than last year, all against a backdrop of higher mortgage rates and ongoing economic uncertainty.
In North Jersey, every shift in the market brings new opportunities and challenges. With over a decade of local experience, I make it my priority to help clients understand what these numbers mean for their next move—whether they’re searching for their first home, looking to upsize, or considering an investment. My goal is to offer honest, clear guidance so you can navigate each step with confidence, no matter where the market stands.
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