As we look at the September housing landscape, a few signals are worth watching—especially for those considering a move or investment. Pending home sales have edged slightly negative year-over-year, ending an eight-month run of gains. Higher borrowing costs are clearly making buyers more cautious. Homes are now taking about 60 days to sell, and mortgage rates have moved up from around 6% in late Q1 to the high-6% range.
Interestingly, buyers are seeing more negotiating power: the national median list price has dipped to $424,500, price reductions are now happening on roughly 20% of listings, and active inventory has grown about 4%. Still, even with these increases, overall inventory remains about 11% below the pre-pandemic norm, showing that housing supply is tight beneath the surface.
For anyone keeping an eye on the market—whether you’re ready to buy, sell, or just explore Naples or Southwest Florida—these trends highlight the importance of smart pricing, timing, and understanding local nuances. I’m always watching how shifts like delistings, pricing strategies, and regional trends play out here, so you can make informed decisions in our unique Florida market.
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