A housing market defined by rapidly rising home prices, bidding wars, a lack of inventory, and sellers with the upper hand in negotiations may be changing. “The signs are pointing to a market that’s shifting toward buyers,” says Danielle Hale, realtor.com®’s chief economist. “But in most places, we’re still a long way from a full reversal.”
Economists point to statistics that show that while home values continue to rise, the rate of increases have slowed. A recent survey showed that in August one in four home sellers dropped their asking price.
