In August, we saw housing inventory grow nationwide—a 1.2% increase from July and 3% higher than last year. Even with a 5% decline in new listings, the number of homes available continued to rise. Meanwhile, pending sales dipped by 0.2% and median list prices edged down 1.3%. Higher mortgage rates are clearly tempering the pace of the market. I keep a close eye on these trends, drawing from deep experience in Baltimore, Baltimore County, Harford County, Anne Arundel, and Howard. Understanding how shifts like these impact our local market is essential for anyone navigating real estate decisions right now.
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