{"id":66,"date":"2026-10-07T17:00:00","date_gmt":"2026-10-07T17:00:00","guid":{"rendered":"https:\/\/www.tanzillohomegroup.com\/blog\/?p=66"},"modified":"2026-10-07T17:00:00","modified_gmt":"2026-10-07T17:00:00","slug":"us-existing-home-sales-hit-a-14-month-low","status":"publish","type":"post","link":"https:\/\/www.tanzillohomegroup.com\/blog\/2026\/10\/07\/us-existing-home-sales-hit-a-14-month-low\/","title":{"rendered":"US Existing Home Sales Hit a 14-Month Low"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/michael-tanzillo\/existing-home-sales-hit-14-month-low-remotion-videos-09ef\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>It\u2019s been an interesting Mid-Q3 for the housing market: US existing-home sales dipped below 4 million, landing at a 3.98M annual pace\u2014a 14-month low and a 2% drop month-over-month. With the 30-year fixed mortgage hovering near 7% and inventory climbing to 4.9 months\u2019 supply, buyers nationwide are seeing more choices than we\u2019ve had in a while. That increased selection is giving homebuyers a bit more room to negotiate, which I\u2019ve seen firsthand with my clients.<\/p>\n<p>Even with these shifts, demand is holding up thanks to rising wages and steady job gains. The median existing-home price set a new Mid-Q3 record at $429,100\u2014especially notable as higher-priced homes continue to drive much of today\u2019s activity. First-time buyers accounted for 30% of purchases, while cash deals made up 27%. On average, homes spent 31 days on the market.<\/p>\n<p>As someone who lives the lakefront lifestyle and guides clients through all market conditions, I know every number tells a story. Whether you\u2019re thinking about your next move or just keeping an eye on the market, staying informed helps you make confident decisions. Let\u2019s navigate these changes together.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been an interesting Mid-Q3 for the housing market: US existing-home sales dipped below 4 million, landing at a 3.98M annual pace\u2014a 14-month low and a 2% drop month-over-month. With the 30-year fixed mortgage hovering near 7% and inventory climbing to 4.9 months\u2019 supply, buyers nationwide are seeing more choices than we\u2019ve had in a [&hellip;]<\/p>\n","protected":false},"author":397,"featured_media":67,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-66","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/posts\/66","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/users\/397"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/comments?post=66"}],"version-history":[{"count":1,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/posts\/66\/revisions"}],"predecessor-version":[{"id":68,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/posts\/66\/revisions\/68"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/media\/67"}],"wp:attachment":[{"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/media?parent=66"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/categories?post=66"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tanzillohomegroup.com\/blog\/wp-json\/wp\/v2\/tags?post=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}