Are we entering a buyer’s market? Discover the trends that are reshaping the home inspection landscape and what they mean for us! https://inspectortoolbelt.com/q2-2025-home-inspection-market-outlook/
It currently sucks for buyers AND sellers in my market here in Maui - Prices and rates are too high for most buyers. Low-end is particularly hard hit with it being virtually impossible for a first-time buyer to get into anything without a significant down payment… which they rarely have.
It sucks for sellers since inventory is climbing and listings are sitting for long periods. Condos (vacation and residential) make up a huge part of the our market and are particularly hard hit.
Prices are ultimately going to have to fall but sellers are stubborn and can easily rent their places rather than selling.
Of course it’s still going to be regional, but yes the trending is going much more in favor of a buyers’ market. The “new” commission disclosure structure will play a role. The market is stale with higher interest rates and overbidding has subsided in most markets.
I’m pretty sure we aren’t going to see the sub 4% interest rates anytime soon, so buyers need to know that 6%-7% will be the norm for a while.
Sellers are just going to have realize the market is softer than it’s been the past 10 years.
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I’ve seen two houses in my neighborhood that did NOT sell with the 1st listing agent.
That would have been unheard of a few years ago.
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We have houses in the Cincinnati area sitting on the market for over a month. It is a buyers’ market, if only there were buyers who could afford today’s market and high interest rates.
There is still a lot of pent-up demand waiting to be unleashed, although I doubt we’ll ever see the glory days of the 2000s that lasted until the crash of 2008.
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