The real estate market is finding balance with inventory up 27% across regions and over one million listings nationally for the first time since 2019. Despite more inventory, we're still in a soft seller's market with approximately three months supply, though competition among sellers is increasing as listings outpace sales growth.

• Inventory up 27% with over one million listings nationally for the first time since 2019
• Months supply of inventory at approximately 3 months in most regions, 5-6 months in mountain areas
• Days on market stabilized around 50 days, returning to more normal pace
• Pricing is critical - properties priced right still sell quickly, but overpriced listings face multiple reductions
• Sales pace up about 9% across regions during Q2
• Median price appreciation averaging around 2% with average price appreciation around 4%
• First-time homebuyers now averaging 36 years old and representing only 24% of transactions
• Intergenerational wealth transfers provide opportunities for parents/grandparents to help with down payments
• New construction and resale markets moving in same direction with builders offering significant concessions
• Interest rate buy-downs are effective negotiation strategies for both new construction and resale properties

Price strategically, understand your hyper-local market conditions, and don't fall victim to misleading headlines. For parents and grandparents, consider helping the next generation with their homeownership journey now, rather than waiting to pass wealth later.