What is the Current Outlook in the Housing Market?

Housing sales data for August have been announced.
There is an increase of approximately 10% in the number of house sales compared to the same period last year.
In July, this increase rate was around 16%.
When I look at the demands for real estate in the Beşiktaş region where I work and in other regions, I do not see any similarities.
The demand for rental housing is quite strong and there is a noticeable increase in prices.
Last night, the FED cut the interest rate by 50 basis points. The weighted expectation was 25 basis points.
When I put the above data on top of each other, a relative increase in the demand for housing purchases can be observed until the end of the year.
Price performance will be a very important criterion in housing purchase demand.
The demand for old buildings is also stronger than 3-4 months ago.