Understanding the Shift in Today’s Real Estate Market

The real estate market is finally shifting after more than a decade of favoring sellers. Since the early 2010s, low inventory and high demand have driven prices up, creating what’s known as a seller’s market. But now, we’re seeing the first signs of balance. In some areas, supply and demand are leveling out, bringing us closer to a neutral market—and even a buyer’s market in certain neighborhoods. A neutral market means buyers and sellers are on more even ground, while a buyer’s market offers buyers more choices, longer days on market, and often lower prices. One way economists measure this is by “months of supply”—the number of homes for sale compared to how many typically sell in a month. Higher supply favors buyers, while lower supply favors sellers. If you’re curious about what the numbers look like for your neighborhood, we’d be happy to break it down for you.