Year over year, we’re seeing the effects of a market adjusting to both seasonal rhythms and broader economic factors. New listings are up 25.6% YTD compared to last year, but much of that surge hit in May, which felt more like June this year, warmer weather came early, making it easier to prep properties and get professional photography done sooner than usual. Despite the increase in listings, closed sales are down over 22% YTD, and median prices have softened by 4%, signaling that buyers are becoming more selective and pricing sensitivity is growing. That said, average sales price is actually up nearly 15%, showing that high-end product is still moving, when it's dialed in. Inventory is building, but not dramatically year over year; what we’re seeing is more a shift in the timing of supply rather than a flood. Sellers need to stay strategic, and buyers shouldn’t confuse more choices with more negotiating power across the board.