New home sales rebound as builders chase buyers’ budgets

August saw a notable uptick in US new home sales, thanks to builders adjusting prices and offering incentives to align with buyers’ budgets. Sales hit their fastest pace in eight months, even though they remain 2% below last year. The median price settled at $393,700, reflecting both the high inventory and the ongoing challenges builders face as financing costs climb. In my work guiding families through probate and trust sales across Los Angeles County, I often see how market shifts like these can impact decisions—especially when timing and value matter most. Understanding where the market stands is part of providing clear, knowledgeable guidance when you’re navigating life’s complex transitions.