Weekly Update – May 27th

We’re currently in a balanced market, with inventory on the rise. This increase in supply is putting downward pressure on prices. Still, some areas are experiencing strong demand—though it’s unpredictable and varies by neighborhood and price point.

A balanced market is healthy overall, but it does require a mindset shift.

What does this mean for you?
Sellers should price strategically—often on the lower side. Overpricing can lead to missed opportunities and the risk of chasing the market downward, which can ultimately cost both time and money.

Buyers can feel more confident. If you’re financially comfortable with the monthly payment and plan to stay in the home for at least 3 years, this could be a smart time to make a move. After the initial weekend on the market, buyers can often negotiate about 3% off the list price.