The latest real estate data shows a subtle but important shift in the residential housing market: buyers are gaining more leverage, even as home prices remain high in many areas.
According to a recent article from Realtor.com, the number of homes sitting on the market longer is increasing, and seller concessions—like closing cost credits and repair allowances—are becoming more common. This doesn’t mean a market crash is coming. Rather, it suggests that the ultra-competitive, seller-dominated environment of 2021-2022 is giving way to a more balanced playing field.
Why it matters for you:
Buyers may now have the chance to negotiate better terms, especially if they’re flexible on timing or open to properties that need light updates.
Sellers still benefit from strong equity positions but should expect more informed, cautious buyers who are comparing options more closely than before.
With mortgage rates expected to fluctuate throughout the year, timing and strategy are key. Whether you’re buying or selling, staying educated and working with a knowledgeable agent can help you make smart moves in today’s evolving market.
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The Movement Group