Is The Market Cooling or Heating Up This September?

As the calendar flips to September, the big question on everyone’s mind is whether the real estate market is starting to cool—or gearing up for more heat. The answer? It depends on a mix of factors, from mortgage rates to local inventory trends.

Mortgage Rates Still Steer the Market

Mortgage rates have been a major force shaping housing activity all year. A drop could bring more buyers back into the market, increasing competition. But if rates remain high, some buyers may hold back, creating a more balanced or slightly cooler environment.

Inventory Is Slowly Shifting

In many areas, inventory is slightly higher than it was in the peak summer months. This gives buyers more options, easing bidding wars in certain markets. Still, low supply in desirable locations continues to keep prices competitive.

Fall Brings a Different Kind of Buyer

September often sees fewer casual house hunters and more serious buyers who are motivated to move before year-end. For sellers, this means pricing strategically and presenting homes well is key to attracting offers quickly.

Bottom Line

This September, the market sits in a middle ground—not fully cooling, not overheated. Whether you’re buying or selling, staying informed and working with a local expert can help you make the most of the opportunities ahead.