Today’s Housing Market: Slower Pace Creates Opportunities for Buyers

A few years ago, the real estate market was moving at lightning speed. It wasn’t unusual for a desirable home to hit the market on a Thursday and be under contract by Sunday. Buyers had little time to deliberate, and sellers often received multiple competing offers within days.

Fast forward to today, and the housing market looks very different. According to a recent analysis, homes sold in July spent an average of 24 days on the market. That’s six days longer than last year and a far cry from the pandemic-era boom, when homes often sold in a matter of days.

What Slower Home Sales Mean for Buyers

For buyers, this shift is welcome news. A slower pace means less pressure to rush into a decision and more time to compare properties, schedule inspections, and secure financing. This breathing room makes it easier to weigh one of life’s biggest financial choices with confidence.

What It Means for Sellers

On the flip side, sellers now face a more competitive environment. Instead of expecting a bidding war, homeowners must adjust their expectations and strategies. To attract buyers and sell quickly, sellers should:

• Price competitively from the start

• Stage the home effectively to highlight its best features

• Invest in curb appeal and small updates to stand out

Bottom Line

The housing market has shifted from a frenzy to a more balanced pace. For buyers, it’s a chance to shop with less urgency. For sellers, it’s a reminder that preparation and pricing matter more than ever.

If you’re considering buying or selling a home, now is the perfect time to explore your options. The slower market may just give you the advantage you need.