New listings hit a four-year high

We're seeing a notable shift in the US housing market, with new listings up by 8%—the highest level since August 2022. Active listings are approaching what many consider a balanced market, but it's important to recognize that pending sales have reached a low point. Meanwhile, mortgage rates remain at 6.66%, continuing to put pressure on affordability, even as the median home price has risen by 2.2%. With over two decades guiding buyers and sellers across the Bay Area, I find that understanding these trends helps my clients make more informed decisions. Staying focused on your best interests is always my priority, especially as the market evolves.