September brought a noticeable shift in the U.S. housing market: pending home sales dipped slightly year-over-year, ending an eight-month stretch of gains as higher borrowing costs slowed buyer activity. Contract signings softened, homes spent about 60 days on the market, and mortgage rates climbed from around 6% in late Q1 to the high-6% range. For buyers, there’s been a subtle shift in leverage—median list prices edged down to $424,500, about 20% of listings saw price cuts, and delistings dropped compared to last year, while active inventory rose by roughly 4%. Still, national inventory remains about 11% below typical pre-pandemic levels, underscoring the ongoing housing shortage even as buyer enthusiasm cools.
As someone dedicated to providing market clarity to families and investors across Northwest Louisiana, I’m closely watching seller delistings, evolving pricing strategies, and whether regional trends start to align as everyone adjusts to firmer borrowing costs. My goal is always to ensure you have the insight and confidence to make your next move—no matter the market’s mood.
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