August Housing Trends: A Market in Transition
The August housing data for Marion and Polk Counties reveals a market in transition. Homes are taking a little longer to sell, fewer new listings are coming on, and yet prices are holding steady. Add in predictions of easing mortgage rates, and both buyers and sellers have unique opportunities to position themselves wisely.
For Buyers: Patience Meets Preparation
More Time to Decide: Homes are sitting on the market longer, giving buyers a bit more breathing room to compare options and negotiate.
Fewer Choices: With fewer new listings hitting the market, inventory remains tight — meaning the right home might take longer to find.
Rates May Work in Your Favor: With the Fed beginning to cut interest rates, mortgage rates are expected to ease toward the 6% range by the end of 2025. Lower borrowing costs can increase affordability, but competition may rise again once more buyers jump back in.
Buyer Strategy Tip: Use this slower pace to your advantage by getting pre-approved now and staying alert for homes that match your needs. When rates dip further, you’ll be ready to act quickly in a tightening market.
For Sellers: Stability with a Strategic Edge
Homes Still Holding Value: Median prices in August ticked up slightly, showing that demand remains resilient even as activity cools.
Slower Pace, Sharper Marketing: Since homes are taking longer to sell, strong staging, competitive pricing, and polished marketing can make your property stand out.
Leverage the Coming Rate Cuts: As interest rates trend down, more buyers are likely to re-enter the market. Listing now positions you ahead of that wave, while pricing strategically ensures you don’t lose precious time on market.
Seller Strategy Tip: Don’t let slower sales statistics discourage you. Buyers are still out there — and with rates becoming more favorable, demand could strengthen in the coming months. The key is pricing right and presenting your home as the best option in a limited-inventory market.
Bottom Line
The Marion and Polk housing market is in a balancing act: slower movement but steady values, tighter inventory but brighter affordability prospects with easing interest rates. Whether you’re buying or selling, the right strategy in this shifting season can set you up for success. To see the specific numbers check us out on Instagram @harveyrealtygroup
Curious what this means for your personal goals? Let’s talk strategy and timing — your next move might be closer than you think.
