📉 Sellers Are Adjusting Prices in a Buyer-Friendly Market
Redfin’s most recent report shows the smallest increase in median asking prices in nearly two years — just 2.2% year-over-year , with a national figure around $403,000 MarketWatch For sellers, that means pricing expectations are shifting . The gap between what sellers list their homes for and what buyers actually pay is narrowing significantly Redfin 🏠 A Market Tipping Toward Buyers There are now more sellers than buyers — roughly 500,000 more listings than active buyers , creating one of the largest inventory imbalances seen since 2013 New York Post . Active listings are up 11–12% year-over-year , while pending sales are down around 1–2% Business Insider Only about 28% of homes are selling above list price , showing less competition than previous years TMC 💰 Mortgage Payments Are Cooling Off The median monthly mortgage payment has dropped to its lowest in several months — around $2,679 based on current interest rates hovering near 6.75% Investopedia ....