Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 11, 2026

Monsoon Season Is Winding Down — Here's How the West Valley Comes Back to Life

As September evenings finally cool off, Westgate's Friday night crowds are back, the Arrowhead Farmers Market shifts its hours, and football season is officially in the air.

There's a specific moment every September when you feel the West Valley exhale. It's not a huge temperature drop, but it's enough — walking out to the car after 7pm without the air feeling like it's pushing back on you. Monsoon season is easing up, and this week I noticed it everywhere: more people on patios, more strollers out at dusk, more life happening outside.

What Is There to Do in the West Valley This Weekend?

Start with Westgate Entertainment District in Glendale. It's one of the busiest gathering spots in the whole West Valley, hosting more than 250 events a year, and Friday and Saturday nights bring live music to the plaza pretty much year-round. Grab dinner at Salt Tacos y Tequila or Yard House, then walk it off around the dancing water fountain — it's an easy, low-key night that works whether you're solo, on a date, or wrangling kids.

If mornings are more your speed, the Arrowhead Farmers Market runs every Saturday at Arrowhead Towne Center, in the upper-level Dillard's parking lot. Through September it's still on the earlier May-through-September schedule — 8 to 11am — before it shifts to the later 9am-to-1pm fall and winter hours in October. Worth building your Saturday around while the early hours last.

Is Football Season Actually Back?

Almost. The Cardinals open their season on the road September 13 against the Chargers, with their home opener at State Farm Stadium set for September 20 against the defending Super Bowl champion Seattle Seahawks. If you're near Westgate on a game day this fall, expect The LOLA and other spots nearby to lean fully into pregame energy — it's part of what makes living this close to the stadium fun even if you're not going to the game itself.

What's a Local Secret Worth Knowing?

If you've never walked Historic Downtown Glendale's Catlin Court district, put it on the list before it gets crowded with holiday shoppers in a couple of months. It's a compact few blocks of restored bungalows turned into antique shops and boutiques — genuinely walkable, genuinely local, and a completely different pace than Westgate a few miles away.

Frequently Asked Questions

What are the Arrowhead Farmers Market hours in September? Through September, the Arrowhead Farmers Market at Arrowhead Towne Center runs Saturdays from 8 to 11am, shifting to 9am–1pm once the fall and winter schedule begins in October.

When is the Arizona Cardinals home opener in 2026? The Cardinals' 2026 home opener is September 20 at State Farm Stadium against the Seattle Seahawks; their season opener on September 13 is on the road against the Los Angeles Chargers.

What is there to do at Westgate Entertainment District? Westgate hosts more than 250 events a year, including live music most Friday and Saturday nights, alongside more than 20 restaurants and retailers and the state's largest AMC theater.

Is Historic Downtown Glendale worth visiting? Yes — the Catlin Court district is a compact, walkable area of restored historic homes turned into antique shops and boutiques, offering a quieter, more local alternative to Westgate.

Whether your weekend plan is Westgate lights or a quiet Saturday morning at the farmers market, this is the season the West Valley starts feeling like itself again. If you're new here and want a local's take on where to go first, happy to send a few more favorites your way.

 

This content is provided for informational purposes only and does not constitute legal or financial advice. All real estate services are provided in compliance with Fair Housing laws, RESPA, TCPA, the REALTOR® Code of Ethics, and Arizona Department of Real Estate advertising regulations. Equal Housing Opportunity. Gracie Vega, Realty One Group, AZ License #SA514613000.

Posted in Lifestyle
Sept. 10, 2026

Thinking About Selling This Fall? Price It Right the First Time

With more than a third of active Peoria listings already cutting price, the sellers winning right now are the ones who priced realistically from day one.

I sat with a seller in Glendale last week who wanted to list at what her neighbor sold for — in 2023. I understood the instinct completely. Nobody wants to feel like they're leaving money on the table. But I had to be honest with her: the market that supported that number isn't the market we're in right now, and pretending otherwise usually costs more than it saves.

What's Actually Making Sellers Successful Right Now?

Realistic pricing from the start. Across Peoria, roughly 36% of active listings have already taken at least one price cut — a clear sign that sellers who priced for 2024 conditions are having to adjust to 2026 reality, often after weeks of sitting unsold. Meanwhile, homes that are priced well from day one are still closing near asking: Peoria's overall sale-to-list ratio sits close to 98%.

In Glendale, the gap between what sellers are asking and what's actually closing tells a similar story — recent data showed a median asking price around $457,500 against a median closed sale price closer to $405,000 over the trailing six months. That's not a small gap, and it's largely driven by homes that started too high and had to chase the market down.

Is This a Bad Time to Sell?

Not necessarily — it's a time that punishes overpricing more than it used to. Buyers today have more inventory to compare against and less patience for a home that feels overpriced relative to what else is available. A home priced accurately from the start tends to sell faster and closer to asking than one that starts high and gets chipped away at with reductions.

What Small Moves Actually Add Value Before Listing?

You don't need a full renovation to compete right now. A few weekend projects consistently move the needle: fresh neutral paint in high-traffic rooms, decluttering closets and countertops so spaces photograph larger, and basic curb appeal — trimmed landscaping, a clean front door, pressure-washed walkways. In Arizona specifically, buyers touring in September are still very aware of outdoor living space, so a tidy patio or backyard seating area photographs well and helps buyers picture themselves there.

Pricing and presentation work together. A well-staged home priced correctly gets more showings in the first two weeks, which is exactly the window when serious buyers and serious offers tend to show up.

What's the Emotional Side of This, Honestly?

Selling a home you've lived in is rarely just a transaction. It's normal to want the number that validates the memories, the work you put in, the years you were there. My job isn't to talk you out of that feeling — it's to make sure the strategy gets you the best real outcome, not just the number that feels good to type into a listing.

Frequently Asked Questions

Should I price my home high and negotiate down, or price it accurately from the start? Pricing accurately from the start generally performs better right now — homes that start too high and require multiple reductions tend to sell for less overall than homes priced correctly from day one, and they sit on the market longer.

How many West Valley homes are currently taking price cuts? In Peoria specifically, roughly 36% of active listings have taken at least one price reduction as of mid-2026, a sign that initial pricing expectations are adjusting to current market conditions.

What small updates help a home sell faster in the West Valley? Fresh neutral paint, decluttering to make rooms photograph larger, and basic curb appeal like trimmed landscaping and a clean entry consistently help — along with presenting outdoor living space well, since Arizona buyers weigh patios and backyards heavily.

Is it a bad time to sell a home in the West Valley? Not inherently — it's a market that rewards realistic pricing and good presentation more than it used to, since buyers have more inventory to compare against than in recent years.

If you're weighing whether to list this fall, let's walk your home together and talk through a number that's honest, not just hopeful — happy to help, no pressure at all.

 

This content is provided for informational purposes only and does not constitute legal or financial advice. All real estate services are provided in compliance with Fair Housing laws, RESPA, TCPA, the REALTOR® Code of Ethics, and Arizona Department of Real Estate advertising regulations. Equal Housing Opportunity. Gracie Vega, Realty One Group, AZ License #SA514613000.

Posted in Sellers
Sept. 9, 2026

Should You Wait for Mortgage Rates to Drop Before Buying in the West Valley?


Rates just hit 6.71%, the highest in 13 months — here's how to think through the "should I wait" question instead of just guessing.

A buyer called me Monday night, genuinely rattled. She'd been preapproved a month ago, found a house she loved in Peoria over the weekend, and then saw the news that mortgage rates had just climbed to their highest point in over a year. "Should I just wait?" she asked. "What if they drop?"

It's the single most common question I get from West Valley buyers right now, and there's no magic answer — but there is a better way to think about it than just guessing at where rates go next.

What Actually Happened With Rates This Week?

Freddie Mac reported the 30-year fixed mortgage rate averaging 6.71% as of September 3, 2026, up from 6.66% the week before — the highest level in 13 months. Freddie Mac's chief economist, Sam Khater, noted that purchase demand has stayed relatively stable even as buyers adjust to these conditions. That last part matters: rates went up, but buyers didn't disappear from the market. They adapted.

Is Waiting for Rates to Drop a Good Strategy?

Here's the honest, unglamorous answer: nobody — not me, not an economist, not a headline — can reliably time mortgage rates. If you wait for a drop and it doesn't come for a year, you've paid rent or missed a house you loved for a guess that didn't pay off. If it does drop, you can often refinance later, but you can't go back in time and buy the house you didn't buy.

The more useful question isn't "will rates drop" — it's "can I afford this home at today's rate, and does the home itself still make sense for the next five-plus years?" If the answer to both is yes, the rate becomes a number to manage, not a reason to sit out.

What Should You Actually Do Right Now?

Get a real, current preapproval — not one from three months ago. Rates move fast enough that an old preapproval can quietly understate your monthly payment. Ask your lender to run the numbers at today's 6.71% rate specifically, not an estimate.

Ask about rate buydowns. In a market where 36% of Peoria's active listings have already taken a price cut, some sellers are more open to negotiating a temporary or permanent rate buydown instead of dropping the price further. It's worth asking on any home that's been sitting for a while.

Separate "the rate" from "the house." A rate is temporary and refinanceable. The right layout, the right lot, the right commute — those aren't. Don't let a headline talk you out of a home that actually fits your life.

Frequently Asked Questions

Should I wait for mortgage rates to drop before buying a house? Not necessarily — rates are unpredictable, and waiting means risking losing the right home for an uncertain future benefit. A better approach is confirming you can comfortably afford the home at today's rate and treating future rate drops as a refinance opportunity, not a reason to delay.

What is the current mortgage rate as of September 2026? As of September 3, 2026, Freddie Mac reported the average 30-year fixed mortgage rate at 6.71%, up from 6.66% the previous week and the highest level in 13 months.

Can I negotiate a rate buydown with a seller? Yes, in many cases. With a meaningful share of West Valley listings sitting on the market longer and taking price cuts, some sellers are open to funding a temporary or permanent rate buydown instead of reducing price further — it's worth raising in your offer.

Is now a bad time to buy a home in the West Valley? It depends more on your personal timeline and budget than on the rate headline. Buyer demand has stayed relatively steady even with rates rising, which suggests many buyers are choosing to move forward rather than wait indefinitely.

If a rate headline is the only thing holding you back from a house you actually love, let's run your real numbers together before you decide anything — no pressure, just clarity.

 

This content is provided for informational purposes only and does not constitute legal or financial advice. All real estate services are provided in compliance with Fair Housing laws, RESPA, TCPA, the REALTOR® Code of Ethics, and Arizona Department of Real Estate advertising regulations. Equal Housing Opportunity. Gracie Vega, Realty One Group, AZ License #SA514613000.

Posted in Buyers
Sept. 8, 2026

What's Actually Happening in the West Valley Housing Market Right Now

Glendale's median sale price sits at $435,000, Peoria's at $540,000, and both markets are moving slower than they were a year ago — here's what that means if you're buying or selling this fall.

I got the same question on three separate calls this week: "Is now a bad time to buy or sell in the West Valley?" Fair question. Headlines about mortgage rates and "the housing market" tend to flatten everything into one story, and the real answer depends a lot on which West Valley city you're actually talking about.

So let's get specific, because the numbers for Glendale and Peoria right now are genuinely different animals.

What's the Market Doing in Glendale Right Now?

Glendale's median sale price over the last three months landed at $435,000, down about 1.1% from the same period last year. Homes are taking longer too — an average of 57 days on market, up from 51 days a year ago. That's not a crash; it's a market that's cooled slightly and given buyers a bit more breathing room than they had two years ago.

Zip code matters a lot here. The 85308 area, in north Glendale, has actually held up better — recent data put the median there closer to $509,000, up nearly 2% year over year, with homes moving faster, in around 45 days.

Is Peoria's Market Different?

Yes, and noticeably so. Peoria's median single-family sale price sits around $540,000 as of mid-2026, up roughly 1% year over year — the opposite direction of Glendale. Homes there are moving in about 51 to 52 days with a sale-to-list ratio near 98%, meaning well-priced homes are still closing close to asking.

But there's a catch worth naming: roughly 36% of active Peoria listings have taken at least one price reduction. That tells me sellers who priced based on 2024 expectations are having to adjust to where 2026 buyers actually are.

What's Driving Growth Right Now?

The Loop 303 corridor. It's become the growth anchor for the entire northwest Phoenix metro, and Peoria's north side — up past Lake Pleasant Parkway — is where most of the new construction and new retail is landing. If you're watching for where the next wave of development shows up, that corridor is the one to keep an eye on.

Mortgage rates are the other piece of this. As of September 3, 2026, Freddie Mac reported the 30-year fixed averaging 6.71%, up from 6.66% the week before — the highest level in 13 months. That's adding real friction to buyer purchasing power across the entire West Valley, not just one city.

What Should You Actually Do With This Information?

If you're a buyer: the combination of longer days on market and rising rates means less competition on individual listings, but a higher monthly payment on the same home than you'd have had a year ago. Getting pre-approved and knowing your real number matters more than ever.

If you're a seller: price reductions are becoming common enough — again, over a third of Peoria's active listings — that pricing realistically from day one is doing more work than it used to. Overpricing and "seeing what happens" is a slower, more expensive experiment than it was in 2022.

Frequently Asked Questions

Is the West Valley a buyer's market or a seller's market right now? It's mixed and city-specific — Glendale has softened slightly with prices down about 1% year over year, while Peoria has held roughly flat to slightly up, though with a rising share of price-reduced listings.

What is the median home price in Glendale, AZ? Glendale's median sale price over the past three months was $435,000, down about 1.1% year over year, with homes averaging 57 days on market.

What is the median home price in Peoria, AZ? Peoria's median single-family sale price is approximately $540,000 as of mid-2026, with homes typically moving in 51 to 52 days.

How are mortgage rates affecting the West Valley market? As of September 3, 2026, the average 30-year fixed mortgage rate was 6.71%, the highest in 13 months, which is reducing buyer purchasing power and contributing to longer days on market across the region.

If you want a read on what these numbers mean for your specific street or your specific price range, that's a five-minute conversation, not a research project — happy to run it for you.

 

This content is provided for informational purposes only and does not constitute legal or financial advice. All real estate services are provided in compliance with Fair Housing laws, RESPA, TCPA, the REALTOR® Code of Ethics, and Arizona Department of Real Estate advertising regulations. Equal Housing Opportunity. Gracie Vega, Realty One Group, AZ License #SA514613000.

Posted in Mortgage Rates
Sept. 7, 2026

What It's Really Like to Live in Peoria, Arizona

Peoria pairs a walkable Old Town core with fast-growing neighborhoods near Loop 303 — and a median home price still under $550,000 in a Valley that keeps climbing.

The first time I walked a buyer through Old Town Peoria, she stopped in the middle of Peoria Avenue and said, "Wait — this still counts as the West Valley?" I get that reaction a lot. People picture stucco subdivisions stretching to the horizon, and then they turn onto a street with string lights, a restored bandstand, and a coffee shop with a line out the door on Saturday morning.

That's the thing about Peoria. It's not one town — it's two or three towns stacked on top of each other, and which one you fall in love with depends on what you're looking for.

I've sold homes here for years now, and I still send clients to Old Town before I show them anything else, just so they see that version of Peoria exists before they default to a brand-new floor plan fifteen minutes north.

What's Old Town Peoria Actually Like to Live Near?

Old Town is the part of Peoria that predates the freeway growth — small lots, mature trees, front porches close to the sidewalk. On a Saturday morning, Peoria's Old Town farmers market (run out of the Honey Hive Farms property) draws the same regulars every week for local produce and honey. A few blocks over, Peoria Sports Complex still hosts spring training baseball every March, and the surrounding restaurants lean into that energy year-round with patio seating and a genuine walk-around-and-see-people vibe.

It's not flashy. It's the kind of neighborhood where you know your mail carrier's name.

Is Peoria Still Affordable?

This is the question I get on almost every call. The honest answer: Peoria isn't the deal it was five years ago, but it's still priced reasonably for what you get. As of mid-2026, Peoria's median single-family sale price sits at approximately $540,000, with homes moving in about 51 to 52 days and a sale-to-list ratio near 98%. That's a balanced market — not a bidding-war free-for-all, but not a buyer's paradise either.

Price per square foot varies a lot depending on where in Peoria you're looking. A 1980s single-story near the older 85345 zip code can trade in the low $200s per square foot, while a newer build up near Vistancia in 85383 runs closer to $290 per square foot. Same city, very different price tags — which is exactly why "what does Peoria cost" doesn't have one answer.

What Surprises People Who Move Here

The size. Peoria stretches roughly 180 square miles, from Olive Avenue in the south up past Lake Pleasant Parkway and the Loop 303 corridor in the north. Someone moving from a compact city assumes "living in Peoria" means one lifestyle. It doesn't. South Peoria feels established and in-fill. North Peoria, along the 303 growth corridor, is newer construction, bigger lots, and a lot more open desert between rooftops.

The other surprise is how much new development is still happening up north. That Loop 303 corridor has become the growth anchor for the whole northwest Phoenix metro, which means new retail and new employers keep showing up within a few years of a neighborhood being built — something buyers moving from a "finished" city aren't always used to.

Where Should You Start Looking?

It depends on what you're solving for. If you want walkability, mature landscaping, and a lower price per square foot, start in the established core around 85345. If you want new construction, larger lots, and don't mind a longer drive to the older part of town, north Peoria near 85383 is worth a look — that zip code's far-north edge also overlaps Deer Valley Unified School District attendance boundaries, on top of Peoria's own district, so it's worth double-checking which schools a specific address actually feeds into before you fall in love with a floor plan.

Commuters headed toward downtown Phoenix or Scottsdale tend to gravitate toward south and central Peoria for easier freeway access. Families prioritizing newer schools and community amenities often land north, near Vistancia and Lake Pleasant. Neither is "better" — it's a lifestyle-fit question, not a right-answer question.

One local secret: if you're touring Old Town on a weekend, park once near the bandstand and walk. Nearly everything worth seeing is within a few blocks, and you'll get a much better feel for the neighborhood than driving block to block ever gives you.

Frequently Asked Questions

Is Peoria, Arizona a good place to live? Yes, for a wide range of buyers — it offers both an established, walkable Old Town core and newer master-planned communities in the north, with a balanced housing market and a lower price per square foot than many nearby Valley cities.

How much does a home cost in Peoria, AZ? As of mid-2026, Peoria's median single-family sale price is approximately $540,000, with homes typically going under contract in 51 to 52 days.

What school district serves Peoria? Most of Peoria falls under Peoria Unified School District, though the far-north 85383 zip code also overlaps Deer Valley Unified School District attendance boundaries — always confirm the exact boundary for a specific address.

Is Old Town Peoria walkable? Yes. The historic core is compact enough to park once and walk to the farmers market, several restaurants, and the bandstand area, which is unusual for a West Valley city built mostly around cars.

If you're weighing Old Town charm against new-build convenience — or you're just not sure which part of Peoria fits your life — I'm happy to walk both versions of this city with you, no pressure at all.

 

This content is provided for informational purposes only and does not constitute legal or financial advice. All real estate services are provided in compliance with Fair Housing laws, RESPA, TCPA, the REALTOR® Code of Ethics, and Arizona Department of Real Estate advertising regulations. Equal Housing Opportunity. Gracie Vega, Realty One Group, AZ License #SA514613000.

Posted in Buyers
May 29, 2026

What You Need To Know About Home Price News

The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices report repeat sales prices. The vast majority of the repeat sales indices show prices are starting to appreciate again. But the median price reported on Thursday may tell a different story. 

Here’s why using the median home price as a gauge of what’s happening with home values isn’t ideal right now. According to the Center for Real Estate Studies at Wichita State University:

“The median sale price measures the ‘middle’ price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less. While this is a good measure of the typical sale price, it is not very useful for measuring home price appreciation because it is affected by the ‘composition’ of homes that have sold.
For example, if more lower-priced homes have sold recently, the median sale price would decline (because the “middle” home is now a lower-priced home), even if the value of each individual home is rising.”

People buy homes based on their monthly mortgage payment, not the price of the house. When mortgage rates go up, they have to buy a less expensive home to keep the monthly expense affordable. More ‘less-expensive’ houses are selling right now, and that’s causing the median price to decline. But that doesn’t mean any single house lost value. 

Even NAR, an organization that reports on median prices, acknowledges there are limitations to what this type of data can show you. NAR explains:

“Changes in the composition of sales can distort median price data.”

For clarification, here’s a simple explanation of median value:

  • You have three coins in your pocket. Line them up in ascending value (lowest to highest).
  • If you have one nickel and two dimes, the median value of the coins (the middle one) in your pocket is ten cents.
  • If you have two nickels and one dime, the median value of the coins in your pocket is now five cents.
  • In both cases, a nickel is still worth five cents and a dime is still worth ten cents. The value of each coin didn’t change.

The same thing applies to today’s real estate market.

Bottom Line

Actual home values are going up in most markets. The median value reported tomorrow might tell a different story. For a more in-depth understanding of home price movements, let’s connect.

May 29, 2026

Why You Shouldn’t Fear Today’s Foreclosure Headlines

Why You Shouldn’t Fear Today’s Foreclosure Headlines | MyKCM

 

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look.

According to the Year-End 2022 U.S. Foreclosure Market Report from ATTOM, foreclosure filings are up 115% from 2021, but down 34% from 2019. As media headlines grab onto this 115% increase, it’s more important than ever to put that percentage into context.

While the number of foreclosure filings did more than double last year, we need to remember why that happened and how it compares to more normal, pre-pandemic years in the market. Thanks to the forbearance program and other relief options for homeowners, foreclosure filings were down to record-low levels in 2020 and 2021, so any increase last year is — no surprise — a jump up. Rick Sharga, Executive VP of Market Intelligence at ATTOM, notes:

“Eighteen months after the end of the government’s foreclosure moratorium, and with less than five percent of the 8.4 million borrowers who entered the CARES Act forbearance program remaining, foreclosure activity remains significantly lower than it was prior to the COVID-19 pandemic. It seems clear that government and mortgage industry efforts during the pandemic, coupled with a strong economy, have helped prevent millions of unnecessary foreclosures.”

Clearly, these options meant millions of homeowners could stay in their homes, allowing them to get back on their feet during a very challenging period. With home values rising at the same time, many homeowners who may have found themselves facing foreclosure under other circumstances were able to leverage their equity and sell their houses rather than face foreclosure, and that trend continues today.

And remember, as the graph below shows, foreclosures today are far below the record-high 2.9 million that were reported in 2010 when the housing market crashed.

Why You Shouldn’t Fear Today’s Foreclosure Headlines | MyKCM

So, while foreclosures are rising, keeping perspective in mind is key. As Bill McBride, Founder and Author of Calculated Risk, noted just last week:

“The bottom line is there will be an increase in foreclosures over the next year (from record low levels), but there will not be a huge wave of distressed sales as happened following the housing bubble. The distressed sales during the housing bust led to cascading price declines, and that will not happen this time.”

Bottom Line

Right now, putting the data into context is more important than ever. While the housing market is experiencing an expected rise in foreclosures, it’s nowhere near the crisis levels seen when the housing bubble burst, and that won’t lead to a crash in home prices.

May 29, 2026

Why Aren’t Home Prices Crashing?

There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.

Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesn’t expect that to change:

[H]ome prices will be steady in most parts of the country with a minor change in the national median home price.”

You might think sellers would have to lower prices to attract buyers in today’s market, and that’s part of why some may have been waiting for prices to come crashing down. But there’s another factor at play – low inventory. And according to Yun, that’s limiting just how low prices will go:

“We simply don’t have enough inventory. Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30 percent price decline is highly, highly unlikely.”

As you can see in the graph below, we’ve been at or near record-low inventory levels for a few years now.

That lack of available homes on the market is putting upward pressure on prices. Bankrate puts it like this:

“This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.”

If more homes don’t come to the market, a lack of supply will keep prices from crashing, and, according to industry expert Rick Sharga, inventory isn’t likely to rise significantly this year:

“I believe that we’re likely to see low inventory continue to vex the housing market throughout 2023.”

Sellers are under no pressure to move since they have plenty of equity right now. That equity acts as a cushion for homeowners, lowering the chances of distressed sales like foreclosures and short sales. And with many homeowners locked into low mortgage rates, that equity cushion isn’t going anywhere soon.

With so few homes available for sale today, it’s important to work with a trusted real estate agent who understands your local area and can navigate the current market volatility.

Bottom Line

A lot of people expected prices would crash this year thanks to low buyer demand, but that isn’t happening. Why? There aren’t enough homes for sale. If you’re thinking about moving this spring, let’s connect.

Posted in Market Updates
May 29, 2026

Why It Makes Sense To Move Before Spring

Why It Makes Sense To Move Before Spring | MyKCM

 

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Spring Should Bring a Wave of Buyers to the Market

In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.

Right now, buyer demand is low due to a combination of normal seasonal trends and a reaction to last year’s rise in mortgage rates. But rates have started to come down since last November, which has more and more potential buyers planning to jump into the market. That means right now is a sweet spot if you’re in a good position to buy, before more buyers reappear. Affordability is beginning to improve, but demand is still low — for now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), shares:

“. . . expect sales to pick up again soon since mortgage rates have markedly declined after peaking late last year.”

If you’re ready to buy a home, right now is the best time to do so before your competition grows and more buyers enter the market.

Today’s Sellers Are Motivated

Low demand from buyers often means sellers are more motivated to work with you, and that can set you up to buy a home on your terms. In fact, sellers have been more willing to negotiate this winter because there are fewer buyers in the market. According to a recent article from Forbes:

“. . . sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of last year.”

But keep in mind, the advantages buyers have this winter won’t last forever. The competition you face could be greater if you wait until spring to make a move, and increased buyer demand means sellers will have less motivation to negotiate with you. Be sure to work with a trusted real estate professional to learn what you can expect in your local market right now.

Bottom Line

If you’re in a good position to make a move, it may make sense to move before spring. Working with your team of expert real estate advisors is the best way to learn about the current market and what it means for you. Let’s connect today to determine the best plan to achieve your homebuying goals.

Posted in Buyers, Sellers
May 29, 2026

Want To Sell Your House This Spring? Price It Right.

Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:

“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”

In today’s market, how you price your house will not only make a big difference to your bottom line, but to how quickly your house will sell.

Why Pricing Your House Right Matters

Your asking price sends a message to potential buyers, especially today.

If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.

If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to drive interest when your house sits on the market for a while. But be aware that a price drop can be seen as a red flag by some buyers who will wonder what it means about the home.

To avoid either headache, price it right from the start. A real estate professional knows how to determine the ideal asking price. They balance the value of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This helps lead to stronger offers and a greater likelihood your house will sell quickly.

The visual below helps summarize the impact your asking price can have:

Bottom Line

Homes priced at the current market value are selling faster and at a better price right now. To make sure you price your house appropriately, maximize your sales potential, and minimize your hassles, let’s connect today.

Posted in Sellers