New listings hit a four-year high

This month’s housing market update brings some notable shifts: new listings have climbed by 8%, marking the highest level since August 2022. Active listings are now approaching a more balanced state, though pending sales are sitting at a low point. Mortgage rates remain at 6.66%, adding a layer of pressure to affordability, even as median prices have nudged up by 2.2%. Drawing from my background in international finance and law, I appreciate how crucial it is to interpret these trends in context—especially for those navigating buying or selling decisions. Whether you’re weighing your next move or simply keeping an eye on the market, understanding these dynamics is key to making informed choices.