The housing market is shifting gears, making it more buyer-friendly for homebuyers. A significant increase in inventory and decreasing prices are expected to create a summer of deals.
According to real-estate agents, there’s an abundance of homes for sale, with over 1 million available, the highest level since winter 2019. This surge in inventory has led to a rise in price cuts, with the number of homes on the market having discounts increasing for five consecutive months.
Experts predict that this shift will benefit buyers as sellers become more willing to negotiate. With more homes hitting the market, buyers have increased bargaining power and can expect to find better deals.
Source: https://www.marketwatch.com/story/bye-bye-bidding-wars-housing-market-becomes-more-buyer-friendly-as-more-sellers-slash-prices-5027b845