As we enter fall, there are a few things that we typically observe. One is a buildup in inventory which is often the result of slower sales rates. Another market feature that we often observe is an increase in days on market. This market mechanism, which manifests as strong seasonal patterns, often results in more moderate price changes during the fall months, as demand softens and available supply expands. August figures, which are revealed below, show that single family homes experienced a moderate jump in median prices when measured against July. Note that many of these transactions likely went under contract in June or July, which are seasonally strong months. The ultimate point is, sellers should be aware of these seasonal trends and price carefully as to not cause their listing to stagnate. For buyers, this could mean a greater set of options during your home search so the fall is often a great time to look for homes.