Supply vs Demand
Presently, Mortgage Interest Rates are 7.43% (as of 10/3/2026), and we’re seeing a decline in Demand (7.1% down in Closed Sales). However, the decline in Supply (18.3% down in Active Available Inventory) is greater. Therefore, there continues to be an increase in prices.
When will that change? If mortgage interest rates continue to be high (and we predice they will) the Demand portion of the equation will continue to decline. At some point, the demand portion of the scale will fall below the supply and we will move into a Balanced and then Buyer’s market.
Keep in mind that movement in Supply and Demand takes a bit of time to effect the pricing and the housing market. Watch closely and be ready for the upcoming changes.