In the housing market, sellers have a lot of leverage right now.
However, it hasn’t always been this way, and it won’t be forever.
Will home prices decrease and the housing supply increase?
Will it flip to a buyer’s market in 2025?
Real estate experts don’t expect things to change much over the next several months.
What is a buyer’s vs. seller’s market?
In a buyer’s market, people looking to buy homes have more power and leverage.
In a seller’s market, the opposite is true, where sellers have more power in the transaction.
“All of that is more easily on the table and negotiable,” Kriegstein said.
In a seller’s market, most of these dynamics are flipped.
There’s a small inventory of homes and a high demand from buyers.
Due to the limited supply, sellers are able to charge more for their homes.
Plus, sellers have the power when it comes to negotiation, Kriegstein said.
When was the last time we were in a buyer’s market?
We’ve been in a seller’s market for a long time.
All those components contributed to the seller’s market we’ve been in now for over a decade.
Do experts anticipate a buyer’s market in 2025?
Each local housing market is a bit different.
However, experts generally don’t expect a national buyer’s market in 2025.
In some areas of the US right now, sellers don’t have quite as much power.
According to a recentanalysis by Realtor.com, some regions are currently quite friendly for buyers.
“Experience really, really matters in these situations,” said Kriegstein.
Don’t compromise just because there are few options available.
Consult your real estate agent to decide what you should (and shouldn’t) be willing to negotiate.
