We're seeing a subtle shift in the housing market: in the four weeks ending August 23, new listings in the US inched up by 0.4% and total homes for sale rose by 0.5%, marking the highest inventory we've seen since early Q2. Yet, even with more choices, pending home sales dipped 1.1% to a six-month low, as high housing costs kept many buyers on the sidelines. The median sale price climbed 1.9% year-over-year to over $400K, while mortgage rates hovered near 7%—just shy of a 13-month high.
For buyers who are active, these conditions offer some real advantages: more room to negotiate, especially on homes that have been on the market for several weeks. Sellers are finding success with realistic pricing, rather than chasing numbers from previous years. In my two decades guiding clients through markets like Eastvale, Chino Hills, and across the Inland Empire, I've found that strategy and timing matter more than ever—especially for those navigating REOs, foreclosures, or investment properties. If you’re weighing your next move, these numbers are worth watching closely to make the most of the current landscape.




