Supply doubled. The shelf got long.
August produced the loudest supply move of the year. New single-family listings ran one hundred thirteen percent above last August, more than doubling the prior year's flow. Active inventory swelled to three hundred and sixty six homes, sixty three percent above last August. The absorption side stayed steady: sales count came in essentially flat with a year ago, percent of list held at ninety eight, and the median ran eight percent below last August. The shelf grew faster than the buyer pool, and the market re-priced gently.
The high-end pause continued. The average sale price ran ten percent below last August, in line with the median move, which says the mix sat in the middle of the market rather than including upper-tier deals at last year's pace. The under-contract pipeline kept building, up twenty three percent year over year, which loads September well. For the short read on where your home would price into this, my what is my home worth in Hurricane page is the fastest place to start.