With pending home sales in the US recently dropping to a six-month low, we’re seeing a shift: more new listings and rising inventory are giving buyers a rare advantage at the negotiation table. The median home price has inched up 1.9% to $400,649, and high mortgage rates are still pushing monthly payments higher. Yet, in some areas, price drops and increased seller concessions are becoming more common. As someone who closely tracks hyper-local market trends, I know how quickly the landscape can change—and how important it is to tailor your strategy to your unique goals and budget. If you’re weighing your options as a buyer or seller, now is the time to look closely at what opportunities this market shift may offer.
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