With mortgage rates staying above 7%, we’re seeing over 20% of home sellers making price cuts—about 1 in 5 listings. Inventory is also ticking up, now at 1.16 million homes (up 5.4%), and while median listing prices have dipped 1.2% since August and 1.4% from last year, they’re still holding strong at 34% above 2019 levels.
For buyers navigating these shifts, it’s worth thinking beyond just price—exploring options like buydowns can make a real difference in affordability. My focus has always been guiding clients through the complexities of each market cycle, and right now, creative strategies are more important than ever to achieve your goals, whether you’re relocating or making your first move. Let’s make sure you’re equipped to make the most informed decisions every step of the way.
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