🔹 1. Mortgage Rates Remain Stable [around 6.55-7%]

After several rollercoaster years, we’re seeing signs of consistency. Rates have largely settled in the 6.5%–7% range, and we expect that to continue through the end of the year.

This stability is a relief for buyers who’ve been waiting for clearer signals. And while nobody has a crystal ball, we feel confident saying this: if it’s the right time for your family to move, don’t wait for a perfect rate that may never come. 

A good lender can always help you refinance later, and we can connect you.

🔹 2. Days on Market stays around 10

Earlier this year, homes were taking 30–40 days to sell. But by late spring, average Days on Market had dropped to 10–12.

We’re continuing to see that trend hold steady. Well-priced homes in good condition are moving quickly. Others? They sit. We expect this "mixed bag" market to carry through the fall.

That said, activity typically dips around the holidays. Between Thanksgiving pies and Christmas cookies, people tend to pause their moving plans. If you're thinking of listing, the earlier in the fall, the better.

🔹 3. Home Prices End the Year 3% Higher

After the dramatic price jumps of 2021 and 2022, the market has settled into a more sustainable rhythm. We’re seeing year-over-year appreciation of around 3%, which is right in line with historical norms.

That kind of steady growth is a sign of a healthy, balanced market—and for homeowners, it’s a quiet win. Your house is likely worth more today than it was this time last year. Congrats!

So What Should You Do with This Info?

• If you’re buying: Focus on what works for your life and budget, not short-term market or interest rate guesses.
• If you’re selling: Get strategic. The market is still strong for well-prepared listings.
• If you’re staying put: Enjoy the equity boost, and keep an eye on trends in your neighborhood. 

If you want to talk through your personal situation or get a fresh read on your home’s value, we’re always here to help.

And if you're placing bets on a Detroit Tigers World Series win, we're with you! Go Tigers!!