We’re seeing a bit of a shift in housing markets nationwide—Mid-Q3 brought a roughly 2% year-over-year dip in price per square foot across the country, and 36 of the 50 largest metro areas felt that cooling effect. Sellers are adjusting expectations, with more price cuts as the quarter wrapped up, especially in those markets that soared during the pandemic. High mortgage rates are still putting the squeeze on what buyers can afford, nudging everyone closer to the middle when it comes to offers and negotiations. An economist noted that some of those high-flying markets are giving back a piece of their pandemic-era gains, thanks in part to inventory levels that are now above what we saw before 2020.
Having helped over 350 families buy and sell in Cobb County, our builder’s background tells us that behind every market stat, there’s a real story—families adapting, sellers recalibrating, buyers weighing their options. Even as the landscape shifts, what matters most is staying informed and having a team in your corner who knows how to navigate the changes.
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