It’s been an interesting season for the US housing market, with the national median sale price now standing at $395,000—a 2% increase over last year. Even as sales have dipped about 4% and overall inventory has grown by 5%, buyers have stayed active, but they’re taking more time, weighing their options, and focusing on the homes that truly fit their needs. That’s led to a modest appreciation in prices despite fewer transactions overall.
Single-family homes continue to set the pace, with a median price of $400,000, sales down 4%, and inventory up 6%. Condominiums now average $349,000, and townhomes are holding steady near $360,000. Across all these property types, sales have softened, but the most notable inventory growth is in townhomes, while condos have seen the sharpest decline in sales.
All of this paints a picture of a market that’s increasingly balanced. With more choices available, buyers can be selective—something I’ve seen firsthand here around Lake Murray and the surrounding communities. When the right listing comes along, it still draws attention quickly, and if this trend continues, we could see inventory tighten and prices rise gradually. As always, patience and a thoughtful approach go a long way in finding the right fit, especially in a market shaped by both opportunity and selectivity.
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