If you’ve been keeping an eye on real estate trends, you’ve probably noticed one thing: it depends on where you look.
According to Realtor.com data, 23 of the top 50 metros are still in seller’s territory. At the same time, we just crossed a big milestone — active listings topped 1 million for the first time since winter 2019. In fact, August marked the fourth consecutive month with more than 1 million homes on the market. 📊
So, what does that mean for buyers and sellers? 🤔
➡️ For Buyers: With inventory finally building, you have more options to choose from — and leverage too. In August, 20.3% of listings had a price reduction. That means motivated sellers are willing to negotiate. If you’ve been waiting for more choices or better terms, now is the time to get into the market before conditions tighten again.
➡️ For Sellers: Don’t worry — many neighborhoods and price ranges are still working in your favor. In fact, some areas remain highly competitive, especially for move-in-ready homes in popular school districts or desirable locations. When marketed correctly, your home can still sell quickly and attract multiple offers.
💡 The key takeaway: This isn’t a one-size-fits-all market. Some neighborhoods are leaning buyer-friendly, while others are firmly seller-strong. Your strategy should be tailored to your specific price range, location, and timing.
📲 Thinking of buying or selling this year? Let’s connect — I’ll help you read the local market shifts so you can make the best move for your goals.
🏠📉📈
fantastic web resources that will turn your real estate dreams into a reality: Insider Tips, New Construction Marvels, and More! 🏡✨
bret@homeswithmerit.com 214-315-9465
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