As someone who has spent more than three decades navigating the ever-changing real estate market, I’ve seen how shifts in pricing and demand can impact buyers and sellers alike. The latest data reveals that new home prices have dropped to a median of $393,800, their lowest point since July 2021, and now sit below the cost of existing homes. Despite the price decrease, sales activity remains subdued—primarily due to elevated mortgage rates and ongoing affordability concerns. Interestingly, the inventory of new homes is rising, particularly throughout the South, creating new dynamics for both buyers and investors. In my work as a Realtor and instructor, I always emphasize the importance of keeping informed about these trends. Staying ahead of the curve is key to making smart decisions in any market environment.
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