Is the Market Cooling or Still Hot? Here’s What You Need To Know

For a while, sellers were riding high—homes were selling fast, bidding wars were common, and buyers were competing fiercely. But the real estate landscape is beginning to shift. In some regions, homes still sell quickly, while in others, properties are lingering longer, giving buyers a stronger hand.

That’s why understanding your specific local market is so important when buying or selling a home.

What’s the Difference Between a Buyer’s Market and a Seller’s Market?

A buyer’s market means there are more homes available than buyers looking. As a result, homes may sit longer, prices may drop slightly, and buyers gain more negotiating power.

A seller’s market, on the other hand, happens when inventory is low and demand is high. Homes sell quickly, multiple offers are common, and buyers are often willing to pay more to win.

A More Balanced Market Is Emerging

The last few years heavily favored sellers across most of the U.S. But today, we’re seeing things even out. According to Zillow, the market is becoming more neutral.

“Agents are experts on their local markets and can craft buying or selling strategies tailored to local market conditions.” – Zillow

This shift means homes are spending a bit more time on the market, buyers are less likely to face bidding wars, and sellers are starting to offer more incentives like closing cost help or price reductions.

What’s Causing the Change?

Inventory plays a key role. When there are more homes for sale, buyers get more choices—and that slows price increases. In some areas, particularly the South and West, inventory has bounced back near pre-2020 levels. But in the Midwest and Northeast, housing supply remains tight, meaning seller-friendly conditions are holding steady in many of those markets.

What Does This Mean for You?

Is the Market Cooling or Still Hot? Even if national news paints one picture, your neighborhood might look completely different. That’s why having a local expert you trust is essential—someone who knows what’s really happening right where you live.

“Agents are experts on their local markets and can craft buying or selling strategies tailored to local market conditions.” – Zillow

Whether you're buying your first home, selling your current one, or just wondering where things stand—I’d love to help you navigate it all.

Call me, Teresa Hill, for trusted insight and guidance on today’s market—tailored to you. Let's create a smart strategy for your next move!

*Information sourced from Zillow, & Keeping Current Matters