We saw a big jump in new listings this week, the most in over a month, but fewer homes went under contract, and those that are selling are sitting longer. Add in rising prices and a slight bump in interest rates, and it's clear: buyers are starting to hesitate, even as sellers ramp up.

Buyers are still out there, but they’re moving slower and the ones who are buying are taking their time. A median 52 days on market tells us homes aren’t flying off the shelf.

If you're listing soon, you need to be strategic. More listings mean more competition. The days of throwing up a high price and getting 3 offers are over, at least for now. Clean presentation and a sharp price will make or break your outcome this month.

Interest Rate: 6.34% (⬆️ up from 6.29%)

So What Does That Actually Look Like?

Let’s do the math:

At the current median price of $565,000, with a 5% down payment ($28,250), your loan would be about $536,750

At a 6.34% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $3,336.

That’s before taxes, insurance, and HOA fees, but it gives you a clear picture of what monthly costs look like in today’s market.

Rates crept up again this week, and paired with a higher median price, that’s a double hit to affordability.

If you're a buyer, it's time to do the math, not just the scroll. You might qualify for more than you’re comfortable spending monthly, especially with insurance and taxes added in.

This is when it pays to have a lender who will really walk you through the numbers, not just send a preapproval letter and disappear.

💡 Not sure if buying or renting makes more sense right now?