We're seeing some noteworthy shifts in the market: new U.S. home listings have climbed 2.1% to reach a four-year high, and active listings are also up slightly by 0.4%. Meanwhile, pending sales dipped just 0.1%, marking the lowest level since February. Home prices have risen 2.2% year over year, while mortgage rates are holding steady at 6.66%—a figure that certainly impacts decisions for both buyers and sellers. With over 30 years in residential real estate and a special focus on Singer Island and West Palm Beach waterfront condos, I keep a close eye on these trends. Whether you’re considering making a move or simply want to stay informed about our local market, understanding these changes is key to achieving your real estate goals.
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