Navigating the real estate market means staying attuned to shifts that matter to buyers and sellers alike. Lately, we've seen new home prices drop to their lowest point since July 2021, with the median now at $393,800—actually lower than prices for existing homes. Despite this, high mortgage rates continue to challenge affordability, keeping new home sales subdued, even as inventory picks up, especially in the South. With over four decades of experience guiding clients through changing markets on the San Francisco mid-peninsula, I know firsthand how important it is to balance timing, insight, and thoughtful strategy. Whether you’re looking at your first purchase or considering a move, understanding these trends is key to making confident decisions.
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