slight pause

Lately, we’re seeing homes stay on the market a lot longer than they did earlier in the year. That’s giving buyers something we haven’t had in a while: options. More time to compare, more room to think, and less pressure.

Interestingly, mortgage loan applications have climbed noticeably in recent weeks. That tells us more people are preparing to buy — but we haven’t yet seen that reflected in the number of closed sales. In other words, the competition isn’t here… yet.

For now, it’s a rare mix: more homes to choose from and fewer buyers actively making offers. If you’ve been casually watching the market, this is the kind of moment worth paying attention to — because when those newly pre-approved buyers start house hunting, things will shift. Once we see a rate drop, they’ll be ready. Just FYI, the last few deals I closed were at a 6.25% interest rate. (not amazing but not bad). The bright side here is buyers have a little window of less competition and sellers needing to be more understanding.