Lately, we’ve seen a noticeable shift in the real estate landscape. Over the four weeks ending August 23, new listings across the US edged up by 0.4% each week, with the total number of homes for sale rising 0.5%—the highest levels since early Q2. Yet, even as inventory grew, pending home sales dipped 1.1% weekly, hitting a six-month low. High housing costs, paired with mortgage rates hovering near 7%—their highest in over a year—are keeping many buyers on the sidelines.
As someone who’s spent a decade helping buyers and sellers right here in Hernando County, I’ve noticed how these national trends play out locally too. With more homes available and demand easing a bit, active buyers now have more negotiating power. Properties that have been listed for several weeks can offer extra leverage for savvy shoppers, while sellers see the best results by setting realistic prices rather than aiming for last year’s highs. The median home-sale price has still climbed 1.9% year-over-year to just over $400,000, so there’s plenty to consider—whether you’re planning your next move or simply keeping an eye on the market.