US Existing Home Sales Edge Up | For more info please visit me here: https://hansoregonhomes.com/

As we move through early Q3, it’s interesting to see US existing-home sales dip 1.7% month-over-month, but still come in 0.7% higher than last year. Even a slight uptick in completed transactions compared to last summer signals steady buyer activity, despite ongoing market shifts. Median existing-home prices have now climbed for 37 straight months, reaching $434,100 and giving many homeowners in our communities extra equity to keep an eye on. Inventory remains tight, with 1.54 million homes on the market—a 1.9% monthly and 0.6% yearly decline—so close attention to new listings remains essential for buyers. Nationally, housing affordability has improved even as prices rise, reminding us that preparation and timing are key when the right opportunity appears. With 30-year fixed mortgage rates averaging in the high 6% range, any future rate relief could further boost buyers as we move through the summer season. As a Salem-based REALTOR® with a focus on helping buyers and sellers in the Willamette Valley, I’m always tracking these shifts closely to help you make informed decisions.