A recent report highlights that 75 housing markets across the U.S. have reached a “critical threshold” that is now more favorable for homebuyers. Factors such as increased inventory and rising days-on-market mean buyers are gaining more leverage in negotiations, while sellers are feeling increased pressure to lower prices or offer incentives. In many of these markets, home prices are softening or at least stabilizing, and active listings are on the rise—indicating a shift away from the frenzied seller’s market of the past few years.
This change is driven by a combination of higher mortgage rates and affordability constraints, which have caused some buyers to step back and given others renewed opportunities. Cities across Arizona, Texas, and parts of the Midwest and South are among those where the pendulum is swinging toward buyers. Experts say that if these trends continue, even more markets are likely to become buyer-friendly in the coming months.
Read the original Arizona home sales article.
