Inventory is on the rise: in the four weeks ending August 23, new US listings increased by 0.4% week-over-week, and total homes for sale grew by 0.5%, pushing available inventory to its highest point since early Q2. Yet, despite more homes on the market, pending sales dipped by 1.1%—a six-month low—as the combination of a median sale price above $400,000 (up 1.9% from last year) and mortgage rates hovering near 7% has kept many buyers on the sidelines.
For those actively searching, this shift means greater opportunity to negotiate, with increased leverage for buyers, especially on homes that have lingered on the market. Sellers who price realistically—rather than aiming for last year’s numbers—are seeing better results. In the unique landscape of the Jersey Shore, where I blend real estate expertise with a builder’s eye, recognizing true value and structural integrity becomes even more crucial. Navigating these evolving conditions with an understanding of both market trends and the technical demands of waterfront living helps my clients make confident, informed decisions—whether they’re buying or selling.
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