Buyer’s Market or Seller’s Market? What’s Really Happening in 2025

Depending on where you live, today’s housing market might feel red-hot… or strangely quiet. That’s because local markets are heading in different directions. In some places, buyers have more control and the power to negotiate. In others, sellers are still calling the shots.

It’s truly a tale of two markets – and understanding which one you’re in can make or break your next move.

What’s the Difference Between a Buyer’s Market and a Seller’s Market?

A buyer’s market happens when there are more homes for sale than buyers ready to purchase. Homes tend to sit longer, sellers are more willing to negotiate, and prices often soften. Buyers have the upper hand.

A seller’s market, on the other hand, is when there aren’t enough homes to meet buyer demand. Homes sell quickly, multiple offers are common, and prices often push higher as buyers compete for limited options.

Right now, both situations are happening – depending on where you are.

What’s Happening in Different Regions?

According to Redfin data, the Northeast and Midwest lean toward seller’s markets. Buyer demand is still outpacing supply, so homes are selling faster and prices are climbing.

But in the South and West, the market is shifting toward buyers. There are more homes for sale and less competition, giving buyers more leverage and more room to negotiate.

That’s a huge change from just a few years ago, when sellers had the upper hand almost everywhere.

How Price Trends Reflect This Divide

Where inventory is tight and demand is high (think much of the Northeast and Midwest), prices continue to rise.

But in areas where inventory is up and buyers have cooled off (parts of the South and West), prices are softening. This gives buyers in those areas a real opportunity to negotiate.

Even so, most homeowners still have substantial equity thanks to years of rising prices. If you’re thinking about selling, chances are you’ll still walk away in a strong position – even if your local market is softening.

Why Local Expertise Is Everything Right Now

National headlines can’t tell you what’s happening in your neighborhood. Even within the same region, market conditions can vary city to city – or even zip code to zip code.

That’s why partnering with a local real estate expert is so important. They’ll give you hyper-local insights on:
✅ Whether your area favors buyers or sellers right now
✅ How to price your home or craft a competitive offer
✅ The best strategy to help you achieve your goals, no matter what the market looks like

Bottom Line

The market isn’t the same everywhere. Your success – whether you’re buying or selling – depends on having the right strategy for your local conditions.

➡️ Connect with a local real estate agent who knows your market inside and out and can guide you every step of the way.