From Frenzy to Breathing Room: The Housing Market Has Shifted

If you tried to buy a home a few years ago, you probably remember the frenzy. Homes were listed one day and gone the next — sometimes in just hours. You had to drop everything to go see it, and if you hesitated, someone else swooped in and bought it sight unseen.

That kind of intensity pushed a lot of buyers to the sidelines. It was stressful, chaotic, and discouraging.

But here’s the good news: those days are behind us.

The Stat That Changes Everything

According to the latest data, homes are now spending an average of 58 days on the market.

That’s a big improvement compared to the peak of the pandemic, when homes were selling in a matter of days. Now, you’ve got:

• Time to think.

• Time to negotiate.

• Time to make a smart move without all the pressure.

This is the slowest pace we’ve seen in the past five years — and that creates more opportunity for buyers.

More Time = Less Stress (and More Leverage)

Compared to last year, you now have an extra week to decide. And compared to the peak of the frenzy? Nearly double the time.

Back then, bidding wars and fear of missing out pushed buyers into rushed decisions. Today, things look very different. As Bankrate explains:

“For years, buyers have been racing to snag homes because of the fierce competition. But the market’s cooled off a bit now, and that gives buyers some breathing room. Homes are staying listed longer, so buyers can slow down, weigh their options and make more confident decisions.”

With more homes on the market and fewer buyers rushing in, you have the power to:

• Negotiate repairs or seller concessions.

• Explore multiple options before making a decision.

• Avoid the stress of rushing into the wrong house.

Your Local Market Sets the Real Pace

Nationally, the average is 58 days. But real estate is local. Some states are moving faster, while others are moving even slower than the national average.

Even within the same city, timing can vary by neighborhood, price range, or property type. That’s why it’s crucial to lean on a trusted local agent who can tell you exactly:

• When to move quickly,

• When you can take your time, and

• How to negotiate based on what’s happening in your area.

Bottom Line

If the chaos of the past few years pushed you out of the market, this is your green light. The pace has shifted, buyers have more time, and you finally have more control.

👉 Connect with a local real estate agent to see what the timing looks like in your area — and find out if now’s the right moment to start your home search again.