"Demand builds. Sellers push pricing. Buyers begin to push back. The market resets. Then recovery begins again, often unevenly. Not perfectly. Not on a fixed timeline. But consistently enough to matter."
"Right now, median list prices are near $440,000, while roughly one-third of listings are cutting price. At the same time, buyers are accepting prices below asking, creating a clear 9% gap between seller intent and market reality."
"Withdrawals now account for 22% of weekly activity, and deal fallout continues to show up across markets - clear signs that transactions are failing to close at initial expectations."
Over the past decade, housing markets have shown a consistent pattern of cycles. Initially, demand builds, followed by sellers pushing prices. Buyers then begin to resist, leading to a market reset. Currently, median list prices are around $440,000, with one-third of listings reducing prices. A 9% gap exists between seller expectations and market reality. While well-priced homes sell in 63 days, overpriced ones linger for 121 days. Withdrawals account for 22% of activity, indicating transaction failures and pressure for price adjustments, reflecting the ongoing negotiation in the market.
Read at www.housingwire.com
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