Buyers Gain Unique Opportunities Amid Growing Inventory

Pending home sales in the US dropped to a six-month low while new listings and active inventory rose, creating better negotiation opportunities for buyers. The median home price increased 1.9% year over year to $400,649, with mortgage rates near a 13-month high, leading to higher monthly payments. Some markets, especially in the South and West, show price declines and more seller concessions. Supply is rising but still below balanced levels.