For the first time this year, August home sales saw growth on all three metrics: year over year, month over month, and for the year to date. Sales were unseasonably strong, partially due to movement in mortgage rates.

If sales volume continues at the current pace, this year could potentially be the strongest showing since 2022. Optimism is the theme of the fall housing market nationally and locally, as inventory and buyers continue to return.

One note has emerged for REALTORS® from emerging data trends over the past several months: Pricing strategy is more important than ever as the spread between list and sale price begins to widen back to historically normal levels.