The latest report from the National Association of REALTORS reveals a 2.0% dip in existing-home sales from July to August 2026, with a 1.2% decrease compared to last year—now at a 3.98 million annual rate. Inventory, however, climbed 3.2% to 1.62 million units, the highest level seen since 2019. The median price moved up 1.6% to $429,100, and average mortgage rates reached 6.67%.
When I review these numbers, I look beyond the surface. As someone who’s spent years in both real estate and residential construction—especially focused on high-end waterfront homes—I see opportunities in rising inventory that others might overlook. More choices on the market can mean a better chance of uncovering a property with both lasting value and the structural integrity that’s critical for shore living. These shifting figures remind me why a detailed, builder’s eye is so important when navigating the Jersey Shore market.
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