At The Brooks Group, we keep a close pulse on the real estate landscape because every shift shapes the opportunities available to our clients and their families. Recently, US existing-home sales dipped below 4 million in Mid-Q3, reaching a 14-month low at a 3.98M annual pace—down 2% month-over-month. With the average 30-year fixed mortgage hovering near 7% and supply building to 4.9 months, buyers now have more choices across the country. The median price of existing homes set a new Mid-Q3 record at $429,100, with higher-priced properties leading activity. Even in this changing market, rising wages and steady job creation are helping to support demand. Buyers—especially first-timers, who made up 30% of recent purchases—are finding more room to negotiate, a positive sign for those looking to build a legacy through homeownership. Cash deals accounted for 27%, and homes typically spent 31 days on the market. Our approach is rooted in integrity, market knowledge, and a commitment to seeing your goals become reality—because for us, real estate is always about people and purpose.
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