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After decades in real estate across Florida, Hawaii, and Arizona, I've witnessed the ebb and flow of buyer and seller leverage firsthand. Right now, we're seeing a notable shift: buyers are regaining negotiating power as markets cool from the frenzied pace of recent years. Builders are responding with creative incentives—mortgage-rate buydowns, price adjustments, and perks aimed at helping hesitant buyers take the next step. With more homes available, purchasers have the freedom to compare properties thoughtfully, rather than feeling rushed into decisions. Elevated mortgage rates are still an important factor, keeping many cautious, but the landscape is offering new opportunities for those ready to explore their options. My approach has always been to listen first and let your goals lead the way—whether you're searching for your next home or investing in the Sarasota lifestyle, it's an encouraging time to weigh possibilities with confidence.

Market shifts can sometimes be subtle, and as someone with deep roots across Florida real estate, I always pay close attention to the patterns beneath the headlines. Early in Q3, U.S. existing-home sales saw a slight month-over-month dip of 1.7%, yet still managed a 0.7% increase compared to last year—a sign that completed transactions are holding steady above last summer’s level. The median price for existing homes now sits at $434,100, marking the 37th consecutive month of annual price gains. For many homeowners, this has meant a continued rise in equity, which is always worth monitoring—especially for those considering their next move in our vibrant market.

Inventory finished Early-Q3 at 1.54 million homes, down 1.9% from the previous month and 0.6% from a year ago. This underscores the importance for buyers to keep a close eye on new listings, especially in a market where choices remain tight. Interestingly, national housing affordability improved recently, even as prices rose. For buyers who are prepared and patient, this could present opportunities when the right home, timing, and value come together.

Mortgage rates have hovered in the high-6% range for a 30-year fixed loan, but should we see any rate relief, it could further support buyers as summer unfolds. Throughout my 35 years helping clients make smart moves in markets like Sarasota, I’ve found that being informed and ready is the best strategy—whether you’re buying, selling, or simply watching the trends.

Momentum continues to build across South Florida’s real estate markets as we move through 2026. What’s striking isn’t a lack of buyer interest—demand is strong—but rather that tighter inventory remains the biggest factor shaping opportunities. With mortgage rates in the low-6% range, we’re seeing a more stable environment, which is creating the kind of confidence that well-prepared buyers can use to their advantage.

The luxury segment—homes priced over $5 million—has been especially notable. At the moment, there are approximately 488 single-family listings in this range, with about 43 sales each month, while condos are seeing an average of 20 sales monthly. In total, there are roughly 4,500 homes on the market across South Florida, and it’s telling that about 10% are above $5 million and another 10% are under $500,000. This split illustrates how limited supply is helping to sustain property values.

If inventory levels remain low, upward pressure on prices is likely to continue. It’s also worth keeping an eye on the upcoming property tax referendum, which could shape the decisions of current and future owners. Having worked in Florida real estate for over three decades, I’ve seen how these local dynamics play out—and why understanding both market trends and lifestyle factors is key to making informed moves here.

Labor Day in the United States celebrates the contributions of workers everywhere, while also unofficially marking the final big summer weekend before fall takes over.
It’s known for backyard barbecues, road trips, and that classic tradition of buying things you didn’t know you needed because “it’s on sale.”
Beaches, parks, and grills reach peak activity as everyone tries to squeeze every last drop of summer fun out of the long weekend.
Happy Labor Day! Wishing you a fun, easygoing weekend filled with good vibes, great food, and absolutely no thoughts about Monday.

In the US, higher prices for one good can signal lower prices elsewhere, because spending shifts across goods and services rather than lifting everything together.
Cheaper technology does not mean broad price calm. As supercomputers moved into pockets, finite luxuries like hotel rooms, sports tickets, and tuition became costlier.
This argument rejects the idea that the central bank can create true price stability, because countless transactions and global production patterns shape prices.
The view here is that a steadier dollar would unlock investment now tied to inflation hedges, compressing many prices while lifting scarcer goods even more.
The conclusion: no lasting price stability exists, and changing prices can reflect economic progress rather than decline across the US economy overall.