REAL ESTATE JERKY DAILY

Home Sales Tick Up: What September's Numbers Mean for Buyers | REJ Daily 652

October 13, 2026 · 16:28

Ed Parcaut and Mike Kelly dig into the latest existing-home sales numbers (up 1.5% to a 3.99 million pace, per NAR via MBS Highway, with a $417,500 median, per NAR) and break down what that means if you're buying or selling right now. In this episode: • Local numbers: 77 closed sales in 13 days, 848 active listings, 345 pending • National inventory down about 4,000 to 898,139. Median list price $435K, and roughly 43 of every 100 listings take a price cut • Central Valley split: Stanislaus median down 4.9%, San Joaquin up 4.7%, Merced up 5.1% (C.A.R., August) • Small business optimism slips to 97.9. ADP weekly hiring keeps climbing • Michigan