September 30, 2024

42 - The Market Shifting For Home Buyers

1 hour 15 minutes

Homebuyers are gaining leverage in many U.S. housing markets as inventory rises and market conditions soften. Despite a 26% decrease in homes for sale nationally compared to 2019, active listings increased by 36% between August 2023 and August 2024, indicating a shift in market dynamics. This trend is most prominent in regions like the Sun Belt, where a concentration of new construction and affordability challenges have cooled the market, extending days on market and boosting active listings. According to ResiClub, areas where inventory has surpassed pre-pandemic levels, such as Tampa, New Orleans, Austin, Dallas, and Denver, are now becoming more favorable for buyers, with some even transitioning into buyer's markets.

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PODCAST ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.

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