Princeton Town Topics – Let’s Talk Real Estate – April 9, 2025
HOUSING MARKET COOLS, GIVING BUYERS NEW LEVERAGE
After years of soaring home prices and intense competition, the real estate market is beginning to shift from a seller’s market to a buyer’s market.
Signs of change are emerging: homes are sitting longer on the market, price reductions are becoming more common, and buyers are regaining some negotiating power. Higher interest rates and economic uncertainty have tempered demand, leading to less bidding wars and more options for prospective homeowners. For sellers, this means adjusting expectations and being more flexible on price and terms. For buyers, it’s an opportunity to take their time, shop around, and potentially get better deals or concessions.
While the shift is gradual and varies by region, the overall trend is clear—momentum is slowly favoring buyers. As the market continues to cool, both sides will need to adapt to a more balanced landscape, signaling a new phase in the housing cycle.
