🚨 HOME SALES ARE UP! BUT DON'T CELEBRATE YET!
September existing-home sales increased 1.5%, beating expectations.
But there's more to the story!
📉 Sales are still DOWN 2.2% from last year.
🏠 Inventory increased to 1.6 million homes.
⏳ Homes are taking longer to sell.
💰 Fewer homes are selling above asking price.
And remember, these are CLOSED sales, many from contracts signed before mortgage rates surged!
The national median home price also fell from August, but that doesn't mean every home lost value.
For California homebuyers, a slower market may create opportunities to negotiate price and seller credits.
🏠 Thinking about buying in California?
DM me BUYER. Let's run the numbers before you make an offer!
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #ExistingHomeSales #HousingMarket2026 #CaliforniaHomebuyers #MortgageRates #MortgageBroker