The real estate market is undergoing a shift, with signs indicating that sellers still hold an advantage, albeit less than before. Historically a seller's market since the 2010s due to low inventory and high demand, buyers are now experiencing longer listing times and price reductions. Key indicators of a seller's market include low housing inventory, high sale-to-list price ratios, quick sales, and multiple offers. Despite some cooling in the market dynamics, sellers continue to benefit from the existing imbalance between buyers and available homes.
In many parts of the country, sellers still have the edge—they're just not calling all the shots quite like they used to.
A seller's market happens when there are more buyers than available homes for sale, leading to faster sales, bidding wars, and higher prices.
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