The real estate market experienced declines in new listings, active listings, and pending sales, both on a monthly and yearly basis. These declines can be attributed to the ongoing trend of cautiousness among buyers and sellers due to the increase in interest rates. We hear that the primary reasons for selling right now are the 5 D's; Death, Divorce, Diplomas, Diapers, or Debt. 

As for single-family property prices, they showed a slight year-over-year increase. However, they experienced a drop of 2.2% when compared to the previous month (June's price was $795,750).

New Listings

Homeowners continued to "hunker down" and were less willing to list their homes for sale due to their current low fixed-rate…

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