New Home Sales Rise Amid Affordability Challenges

It’s always interesting to watch the ebb and flow of the housing market, especially when affordability is top of mind for so many. In August, new single-family home sales ticked up by 6.4%, reaching a 684,000 annual rate—even as they remain 2% below where we were last year. Inventory has held steady at 483,000 units, translating to about an 8.5-month supply. The median price nudged up to $393,700, though that’s actually 5.8% lower compared to a year ago.

As someone who lives and works along the lake, I know firsthand how these trends can shape your options and decisions—whether you’re dreaming of waterfront living or planning your next move. Every number tells a story, and my goal is to help you understand how it fits into yours. Buying or selling a home is more than a transaction; it’s a personal journey, and I’m here to support you with local expertise and honest guidance every step of the way.

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