New listings hit a four-year high

We’re seeing a notable shift in the US housing market: new listings have climbed by 8%, marking the highest level since August 2022. As someone who’s guided Richmond clients through ups and downs for over 40 years, I recognize that active listings are approaching a much-needed balance. However, with pending sales dipping and mortgage rates holding at 6.66%, affordability remains a concern—even as the median price ticks up by 2.2%. Experience has taught me that understanding these market movements is key to making confident, well-informed decisions, whether you’re buying or selling.