{"id":35,"date":"2026-10-07T11:00:00","date_gmt":"2026-10-07T11:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/teitsmateam-com\/2026\/10\/07\/us-existing-home-sales-hit-a-14-month-low\/"},"modified":"2026-10-07T11:00:00","modified_gmt":"2026-10-07T11:00:00","slug":"us-existing-home-sales-hit-a-14-month-low","status":"publish","type":"post","link":"https:\/\/www.teitsmateam.com\/blog\/2026\/10\/07\/us-existing-home-sales-hit-a-14-month-low\/","title":{"rendered":"US Existing Home Sales Hit a 14-Month Low"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/michelle-teitsma\/existing-home-sales-hit-14-month-low-remotion-videos-09ef\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>It\u2019s been an interesting season for US real estate, with existing-home sales dipping below 4 million in mid-Q3\u2014hitting a 14-month low at a 3.98M annual pace. This 2% month-over-month decline points to a cooling in buyer activity nationwide. With 30-year fixed mortgage rates averaging near 7% during this period, and supply building to 4.9 months, buyers have found themselves with more choices as listings increase across the country.<\/p>\n<p>Notably, the median existing-home price reached $429,100\u2014a new mid-Q3 record\u2014largely driven by strength in the higher-priced segment. Meanwhile, steady job growth and rising wages continue to underpin demand, and a larger pool of available homes is giving buyers more room to negotiate. First-time buyers accounted for 30% of purchases, with 27% of deals done in cash, and the typical home spent 31 days on the market.<\/p>\n<p>Here along the lakeshore in Spring Lake, Grand Haven, and Muskegon, our team has seen these national trends reflected in our local market. As specialists in waterfront properties and single-family homes, we\u2019re always watching how shifts in supply and demand can open new possibilities for buyers and sellers alike. Every season brings its own opportunities\u2014for both newcomers and experienced clients\u2014to make their next move with confidence.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s been an interesting season for US real estate, with existing-home sales dipping below 4 million in mid-Q3\u2014hitting a 14-month low at a 3.98M annual pace. This 2% month-over-month decline points to a cooling in buyer activity nationwide. With 30-year fixed mortgage rates averaging near 7% during this period, and supply building to 4.9 months, [&hellip;]<\/p>\n","protected":false},"author":512,"featured_media":36,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts\/35","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/users\/512"}],"replies":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/comments?post=35"}],"version-history":[{"count":0,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/posts\/35\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/media\/36"}],"wp:attachment":[{"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/media?parent=35"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/categories?post=35"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.teitsmateam.com\/blog\/wp-json\/wp\/v2\/tags?post=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}