Watching the local and national housing market, I’ve noticed some telling shifts this summer. July saw completed home sales rise by 7%, thanks to contracts signed back in June when mortgage rates hovered around 6.5%. But as rates ticked up to 6.69%, both pending sales and new listings took a dip. Inventory edged up just a bit, while home price growth slowed to 2.1%—the lowest increase we’ve seen in ten years. As someone guiding buyers and sellers throughout Salem, Aumsville, and the Willamette Valley, I’m always keeping a close eye on trends like these to help clients navigate the changing landscape with confidence.
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