Housing Supply Hits 6-Year High as New Listings Jump

This August, we saw a meaningful shift in the housing market: new home listings across the U.S. climbed 2.6%, marking a four-year high and pushing total supply up by 3.9%—the highest in six years. While this gives buyers more options, high costs and mortgage rates are keeping demand steady rather than surging, with 60% of homes selling below asking price. Pending sales held flat and closed sales dipped slightly by 0.5%. At The Brooks Group, we see these numbers as more than just statistics—they’re reflections of people’s dreams, challenges, and opportunities. Navigating changing inventory and pricing takes both expertise and heart, and that’s where our commitment to serving you, like family, makes all the difference.