New U.S. home listings rose 1.2% week over week, reaching a three-month high amid five weeks of growth, while pending home sales fell 1.3% to their lowest since March. The median asking price slightly declined by 0.1%, the first drop since January, despite a 1.8% year-over-year rise in median sale price. Higher mortgage rates and economic uncertainty have slowed demand, leading more sellers to list homes, creating a buyer-favorable market with potential for price negotiations.

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