US Existing Home Sales Edge Up | https://www.michelemovesmountains.com

As we move through early Q3, US existing-home sales tell a story of resilience—slipping 1.7% month-over-month, yet still coming in 0.7% higher than last year. For those keeping an eye on the market, it’s intriguing to see completed transactions holding just above last summer’s pace. Median prices reached $434,100, extending a remarkable 37-month run of yearly gains and, for many homeowners, adding a bit more equity to keep tabs on. Inventory remains tight, ending the quarter at 1.54 million homes (down 1.9% month-over-month and 0.6% annually), so it’s as important as ever to track listings closely—especially here in the North Georgia mountains, where unique properties can move quickly. Nationally, housing affordability is showing some improvement despite rising prices, which means buyers who are prepared and patient may find their opportunity as value, timing, and choices begin to align. Mortgage rates continue to average in the high 6% range for 30-year fixed loans, and any downward shift could bring more options for buyers. Whether you’re drawn to the Blue Ridge lifestyle or simply weighing your next move, I’m always watching these trends to help you make informed decisions in our ever-evolving mountain market.