Over the last four weeks ending August 23, we've seen a slight uptick in new US listings—up 0.4%—and total homes for sale have grown by 0.5%, reaching their highest point since early Q2. While more inventory is welcome news for buyers, pending national home sales dipped by 1.1% to a six-month low, as elevated housing costs have kept some on the sidelines. The median sale price across the US is now up 1.9% year-over-year, surpassing $400K, with average mortgage rates hovering near 7%, close to a 13-month high. For those actively searching, this combination of increased inventory and softer demand has created a more buyer-friendly environment, often opening the door to price negotiations or concessions—especially for homes on the market several weeks. Sellers benefit from realistic, data-driven pricing rather than chasing numbers from previous years. My experience across Baltimore, Baltimore County, Harford, Anne Arundel, and Howard counties has shown that adapting to these shifts is key—both for finding value and for making your next move with confidence.
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