More Choices for Buyers: Heading into November, the number of homes for sale has risen significantly, creating the best selection we've seen in quite some time. There are over 30% more properties available compared to this time last year. This increase in inventory is giving buyers more negotiation power and the time to find their perfect fit, especially compared to the competitive spring and summer months.

Prices Remain Resilient: Despite the rise in inventory, home prices remain strong. The median price for newly listed homes has climbed back up this month, and the typical sales price is still near historic highs. Sellers have confidence, and well-prepared homes continue to attract serious buyers.

Slower Pace of Sales: As expected for this season, fewer homes are closing each month, and properties are taking a bit longer to sell. However, homes that are priced well and show nicely are still moving steadily, indicating that motivated buyers are very much present—just more selective.

A Balanced Market Environment: With inventory levels higher than before and sales prices holding steady, we’re seeing a more balanced market. This is great news if you’ve been waiting on the sidelines: buyers face less frantic competition, while sellers can still benefit from strong pricing if their home stands out in the listing pool.