09/08/2026
The latest real estate market stats are out, and they tell what’s becoming a familiar story: home prices are down and mortgage rates are up for the typical homebuyer.
According to the August data from Realtor.com, the nationwide median list price for homes fell 1.3% from a year ago, marking the 10th straight month of year-over-year price declines. Meanwhile, the number of active listings for sale was up 3.6% from a year ago. Together, these trends are contributing toward a buyer-friendly market in most of the country.
Mortgage rates, on the other hand, ended August higher, reaching levels last seen in summer 2025. However, while it’s not possible to change a home’s price after buying, it is possible to refinance a mortgage. That means today’s homebuyers may have an opportunity to claim a lower rate and monthly payment in the future if rates fall again.
Wonder what your homebuying budget and monthly payment could look like in today’s market? Call or text me for a free mortgage consultation!
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