In the current US market, ~44% of agents described conditions as balanced, showing buyers regained negotiating power after years of stronger seller control.
Sellers also appeared more flexible: ~57% of agents had at least one active listing with a price cut, while fewer contract cancellations signaled smoother negotiations.
Late-Q2 asking prices were ↓~3% yearly, the biggest annual decline on record for the listings platform, reinforcing that sellers were competing harder.
Affordability still led buyer concerns. In the survey, ~37% of agents said mortgage rates were buyers’ top worry, while inventory concerns eased.
Near-term expectations stayed restrained: ~19% of agents expected home sales to improve in coming months, while ~67% expected activity to remain largely unchanged.
Market Tilts Toward Buyers
