September is shaping up to be an interesting month for those of us watching the U.S. housing market closely. In August, pending sales dipped by 0.2% and contract signings were down 3.7%. The median list price slipped another 1%—marking the 10th consecutive month of declines. While inventory did tick up by 3.6%, it’s still well below what we saw before the pandemic, and affordability remains a real challenge for many.
Having spent over twenty years guiding buyers and sellers through all kinds of transitions in the Naperville area, I know that every shift in the market brings its own set of opportunities and obstacles. Whether you're considering a move up, downsizing, or simply weighing your options, staying informed is the key to making the right move. Patience, and a steady hand, can make all the difference as the landscape evolves.
Leave a Reply