1. Buyers Gain Upper Hand — U.S. Homes Selling Below Ask
A significant shift is emerging in the U.S. housing market: 56% of homes are now selling below asking price, with the average discount around $45,000. Listings now take about 58 days to move—up by a week from last year—and inventory has climbed, especially in markets like Toledo, Ohio (+128%) and Savannah, Georgia (+108%)
What it means: Sellers are losing leverage as demand softens. Buyers are in the driver’s seat, particularly amid softer affordability and longer time-on-market.
2. Rising Inventory in Key States
Homes for sale are piling up fastest in Nevada, Maryland, and North Carolina, signaling an influx of supply amid the price pressure
Implication: With more choices available, buyers can negotiate stronger. Sellers in these regions may need to adjust prices or incentives to stay competitive.
3. Mortgage Rates Dip — A Potential Silver Lining
Mortgage rates have eased slightly, hitting 6.63% for the 30-year fixed rate—the lowest since April. Lower borrowing costs may prompt renewed interest from buyers
Why it matters: Even modest rate drops can broaden homeownership affordability, especially after a period of elevated rates.
4. Uncertain Mortgage Rate Outlook Amid Mixed Inflation Signals
Despite cooling inflation, persistent tariff-related pressures could keep mortgage rates elevated. Analysts caution that even in the case of a Federal Reserve interest rate cut, relief may be limited
Key takeaway: The market remains in limbo. Buyers can’t bank on dramatic rate relief soon, which means affordability pressures may persist.
Summary Table: Snapshot of This Week’s Market Themes
| Trend / Factor | Insight |
|---|---|
| Buyer’s Market Shift | Majority of U.S. homes now sell below asking prices |
| Rising Inventory | Especially in Nevada, Maryland, and North Carolina |
| Lower Mortgage Rates | 30-year fixed dipped to 6.63%, the lowest since April |
| Uncertainty Ahead | Inflation and tariffs cloud future mortgage rate trajectory |
What’s Driving These Developments?
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Economic friction and inflation uncertainties are driving both buyers and sellers to tread carefully.
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Softening demand and bulging inventory are tilting the balance toward buyers.
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Lower rates offer a glimmer of hope, but macroeconomic risks keep the outlook unsettled.