It’s an interesting moment in the real estate market—across the US, new listings have inched up by 0.4% and total homes for sale have risen by 0.5% in the four weeks ending August 23, reaching their highest levels since early spring. Yet, we’ve seen pending home sales drop by 1.1% to a six-month low, as higher housing costs (with average mortgage rates hovering near 7%) are keeping buyers cautious, even as more options become available. The median home-sale price is now up 1.9% year-over-year, holding strong above $400K.
For my clients moving to or within Southwest Florida, this shift means there’s more inventory to consider and, in many cases, a bit more negotiating power—especially on homes that have been on the market several weeks. I always encourage realistic pricing and thoughtful strategy, which can benefit both buyers and sellers in this environment. If you’re ready to explore Naples or the surrounding communities, I’m here to help you navigate this evolving market and find your perfect place in paradise.
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