Existing-home sales just hit a five-month high, even with rates sitting above 6%

Existing-home sales jumped 3.2% in May, the best month since December. Buyers are coming back, even with the average rate sitting at 6.5% today. The report credits better affordability (prices cooled a bit) and steady incomes. Inventory keeps building, which is good news for your buyers who've been waiting for options.

For sellers, the takeaway is simple. Homes are moving again, but they're not flying off the shelf like they were a year ago. Price it right, and you'll get traction. For buyers, this is the friendliest market we've seen in months. More inventory, sales picking up, and rates that are holding near their recent lows. If a client is asking whether now is the time, the data says yes.

I'm around if you want to run numbers on a specific deal. I answer my phone. Informational only, not a commitment to lend. Rates subject to change. Brett Hickman, NMLS 2010859. Equal Housing Opportunity.