As someone who's spent decades guiding clients through the ups and downs of real estate, I keep a close eye on trends that impact your decisions. Recently, we've seen home prices per square foot dip year-over-year in 36 out of the 50 largest U.S. metro areas—a clear sign that many major markets are cooling off. Nationally, this measure was down about 2% in mid-Q3, marking the tenth consecutive month of softer pricing. The shift is causing some sellers to adjust their asking prices more sharply so buyers and sellers can find common ground. With high mortgage rates making affordability a real challenge—especially in markets that skyrocketed during the pandemic—it's no surprise that expectations are being reset. Even economists note that several of those 'boom' markets are giving back some of their recent gains, with inventory levels now above pre-pandemic norms. In times like these, my commitment to integrity, knowledge, and professional service becomes even more important to help you navigate your next move with confidence.
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