September brought some notable shifts across the U.S. housing market, and I’ve been tracking these signals closely to help my clients navigate the landscape with confidence. Pending home sales, after eight months of steady gains, edged slightly negative compared to last year—higher borrowing costs are clearly slowing buyer activity. Contract signings softened, average days on market rose to 60, and mortgage rates moved from around 6% in late Q1 to the high-6% range.
For those considering a move, buyers are gaining a bit more leverage: the median list price dipped to $424,500, price cuts are visible on about 20% of listings, delistings dropped year-over-year, and active inventory crept up by about 4%. Still, even with more homes on the market, national inventory remains about 11% below pre-pandemic norms, highlighting the ongoing housing shortage beneath the surface.
As a local High Desert specialist, I’m paying close attention to seller delistings, evolving pricing strategies, and how our region compares with national trends. It’s a dynamic time, and my focus is on helping you move forward with clarity—whether you’re buying, selling, or just exploring your options.
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