New Listings Rise as Summer Comes to a Close

As summer winds down here in Delaware, we're seeing some interesting movement in the national housing market: new home listings are up 1.2%, reaching a three-month high. Meanwhile, pending sales have dipped by 1.3%—the lowest since March. The median asking price edged down by 0.1%, even though the median sale price is still 1.8% higher than last year. Higher mortgage rates and ongoing economic uncertainty continue to shape these trends. At The Coastal Real Estate Group, we keep a close eye on these shifts to help our clients navigate every step, whether you’re eyeing a beachfront escape or a cozy ranch. Our experience ensures you’re informed and prepared, every step of the way.