What do these stats mean for buyers and sellers???
Market Conditions Overview
We’re seeing clear signs of a cooling market:
More homes are being listed.
Homes are sitting longer.
Fewer are going under contract.
Overall supply is increasing, shifting us toward a more balanced or even a buyer-friendly market in some areas.
Price Strategically from the Start
Overpricing is riskier now than it was in a hot market. Buyers have more choices and are less willing to compete or bid up prices.
Homes priced right sell faster and closer to asking price, while overpriced homes often need price reductions and still sit.
Presentation Matters More Than Ever
Invest in professional photography, staging, and curb appeal. You’re competing against more listings, so your home must stand out.
Be Flexible and Responsive
Be open to negotiating repairs, closing costs, or even offering rate buydowns or incentives to appeal to today’s more cautious buyers.
Understand the "Cost of Waiting"
If you're also planning to buy, waiting to sell could mean higher holding costs or missing out on opportunities while the market adjusts further.
You Have More Leverage—Use It Wisely
With more inventory and longer days on market, buyers can negotiate better prices, request concessions, and avoid bidding wars in many cases.
Don't Wait for the "Perfect Bottom"
Trying to time the market perfectly is nearly impossible. Focus on buying when it’s right for your financial and personal goals, especially with more options and negotiating room available now.
Still Get Pre-Approved and Be Competitive
Sellers may be more flexible, but serious buyers still stand out. A strong pre-approval, clean offer, and reasonable terms can give you the edge, especially for well-maintained or uniquely desirable homes.
Watch Interest Rates Closely
If rates are volatile, talk with your lender about rate lock options. In a slower market, even small rate changes can impact your monthly affordability more than price shifts.
Markets are cyclical. We’re transitioning away from a hyper-seller's market, but that doesn’t mean doom or boom—it means strategy matters again!
