We're starting to see a shift as home sellers in several cities are adjusting their expectations, with median listing prices per square foot dropping 1.8% year-over-year in August. This trend is especially pronounced in some of the boomtowns that saw rapid growth during the pandemic, now feeling the impact of higher mortgage rates and more available inventory. Having worked through changing markets from San Diego to Oahu and back, I know that understanding these shifts is key to making informed decisions. I always encourage clients to look beyond the headlines and consider both local dynamics and long-term goals for their real estate journey. As always, my focus is on providing clarity and guidance—because real estate decisions deserve both professionalism and trust.
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