The consumer price index revealed that prices increased 8.3 percent in August from the previous 12 months, according to the Bureau of Labor Statistics. This jump sustains the largest year-over-year increase in the last two decades for prices. Pricing has become a challenge for agents across the nation; in many markets price reductions are common. In a shifting market like this, brokerages and agents should carefully forecast their local markets with the best data available to best serve their buyer and seller clients.