Housing Market Update: What the Recent Shift Means for Buyers and Sellers

If you’ve been keeping an eye on the housing market, you’ve likely noticed that sellers have held a strong position for quite some time. But as more homes begin to hit the market, is that advantage starting to fade?

Let’s break it down.

The Housing Market Shift

The graph shown below highlights a gradual increase in inventory, suggesting the market is beginning to shift. Typically, a balanced real estate market has about 5 to 7 months of housing supply. Right now, while inventory has been ticking up, we’re still in seller’s market territory, meaning there are fewer homes available than buyers looking to purchase. That’s represented by the green section in the graph (below).

But don’t worry, the increase in available homes doesn’t mean we’re heading for an oversupply or a market crash. Instead, it points to a more balanced market that benefits both buyers and sellers in different ways.

What This Means for Sellers

If you’re thinking about selling your home, you’ll want to be aware that properties are staying on the market a bit longer as the shift unfolds. This makes pricing your home correctly more important than ever. In this evolving landscape, competitive pricing can be the key to standing out.

What This Means for Buyers

On the flip side, buyers are starting to see more options and regaining some negotiation power. While inventory isn’t overwhelming, the slight increase offers a broader selection of homes, giving buyers a bit more flexibility in their choices.

Every Market is Unique

It’s essential to remember that every local market behaves differently. Whether you’re buying or selling, understanding how these changes affect your area can help you make informed decisions. Reach out to us anytime for a personalized look at your local market conditions and how they could impact your moving plans.

In short, while we’re still in a seller’s market, things are beginning to balance out, offering more opportunities for both buyers and sellers. Let’s chat and explore what’s happening in your neighborhood!

The Blood Team
978-433-8800
603-966-0025
info@bloodteamrealty.com
www.bloodteamrealty.com