August brought a significant shift in the U.S. housing landscape: sellers outnumbered buyers by 58%, marking the largest gap on record. In Nashville, that surplus reached an incredible 139%. While home prices saw more growth in markets favoring sellers, nationwide demand stayed flat—even as listings climbed. Meanwhile, both building permits and completions for detached homes declined. As someone focused on residential real estate here in Maryland, I’m always tracking these trends to help clients understand how broader market shifts could impact local buying, selling, and investment opportunities.
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