Weekly Market Update: July 27th through August 2nd

This Week’s Stats

New Listings: 193 ↓ (245 last week)
Pending Sales: 195 ↑ (194 last week)
Sold Homes: 159 ↑ (131 last week)
Price Reductions: 206 ↓ (218 last week)

Weekly Trend Overview

This week brought a pretty noticeable slowdown in new inventory, with just 193 new listings, down from 245 last week. At the same time, pending sales held steady and actually ticked up slightly to 195.

That means something interesting happened this week: more homes went pending than came on the market.

Closed sales also jumped to 159, while price reductions eased a bit to 206. Sellers are still making adjustments, but we did not see quite as many reductions as last week.

Overall, this looks less like buyers disappearing and more like the late summer inventory pipeline beginning to tighten.

What This Means for You

For Buyers:
There are still plenty of choices compared with the ultra competitive markets of years past, but this week’s drop in new listings is worth watching. Well priced homes are still getting attention, and with pending sales holding strong, waiting does not necessarily mean you’ll have more options later.

For Sellers:
Nearly 200 homes still went pending this week, so buyers are absolutely active. But with 206 price reductions, the market continues to make one thing clear: pricing and presentation matter. Buyers have choices, and they’re being selective.

The number I’m watching

193 new listings versus 195 pending sales.

That’s a small difference, but after several weeks where new inventory comfortably outpaced pending sales, it is an interesting shift heading into August.