The Lowest Springtime Level Since 2020
Pending home sales have dipped 1.1% year over year, while new listings continue to rise, giving buyers more leverage in today’s market. Fewer homes are selling above asking price—just 28%, down from 32% last year and 53% in 2022—signaling a clear shift toward a buyer’s market. Additionally, homes are taking longer to sell, and sale prices are averaging nearly 7% below list prices, marking the slowest spring market since 2020.
