5 Housing Market Changes Sellers Aren’t Ready For

Gone are the days when sellers could list a home and sit back as buyers started bidding wars. Today’s buyers have more choices, tighter budgets, and less patience for overpriced homes, needed repairs, or unfavorable terms. For HomeLight’s latest Top Agent Insights report, we asked top real estate agents nationwide what housing market changes they think sellers are least prepared for over the next six months. Here are the five themes that surfaced again and again. Connect with a Top Agent Meet agents who go above and beyond. HomeLight analyzes millions of real estate transactions and thousands of reviews to determine which agent is best for you based on your needs. It takes just two minutes to match clients with top agents. 1. Rising inventory may give buyers even more leverage Sellers are facing more competition as the number of homes for sale continues to grow. In August, 1.62 million existing homes were for sale nationwide, 5.9% more than a year earlier, according to the National Association of Realtors (NAR). That brought supply to 4.9 months, the highest level in more than a decade. For sellers, that means buyers may feel less pressure to act fast. A price or condition issue th...