Is It a Buyer's Market? Here's What You Need to Know.

If you're considering buying and feel uncertain about where to begin, it's normal to feel a bit apprehensive. It's important to connect with a reputable real estate agent and mortgage lender. Even if you're not ready to purchase right away, they can guide you towards readiness.

The question on everyone’s mind this spring: Is it a buyer’s market? In many places across the country—yes, it is. And understanding why can help you make a confident decision if you’re thinking about purchasing a home in 2025.

While interest rates remain historically low, many consumers still find them surprisingly high compared to just a few years ago. As a result, some would-be buyers have hit the pause button on their home search this season. Many are choosing to regroup—whether that means saving for a larger down payment, adjusting expectations, or waiting in hopes that rates will fall again.

That said, buyers who are active in today’s market may be in a better position than they think.

Why We’re in a Buyer’s Market

Recent housing data shows a noticeable shift. While some of the country’s hottest markets have held steady in terms of inventory, buyer competition has cooled. That means savvy buyers are finding more opportunities to negotiate—whether it’s on price, closing costs, or other incentives.

Where homes used to attract dozens of offers within days, open houses that once saw 100+ visitors might now draw 50, with only a handful submitting offers. In certain markets, especially those with slower growth or less-desirable locations, the competition may be even lower—sometimes just 3 to 5 buyers in play. This gives buyers more leverage, even if inventory levels are similar to last year.

What’s Keeping Inventory Steady?

Several key factors are helping maintain a balanced level of inventory:

• Baby Boomers choosing to downsize or relocate

• Developers continuing to build new construction

• Rehabbers and flippers putting updated properties on the market

• Retiring rental investors offloading income properties

• Foreclosures slowly reentering the mix

Without these sellers, inventory would likely be much tighter—and buyers would have less room to negotiate.

Still, while we’re in a buyer’s market, don’t expect prices to plummet. Inventory isn’t in abundance, so list prices are holding steady in many regions. The silver lining? List price is often negotiable, especially depending on days on market, seller motivation, and property condition.

Thinking of Buying? Here’s What to Do Next

If you’ve been pre-approved in the past, or if homeownership has been on your mind but you haven’t taken the next step—don’t count yourself out. Now may be the perfect time to re-engage with the market.

Find a reputable agent, revisit your pre-approval, and take a fresh look at your options. You might be surprised at how much negotiating power you have right now. Less competition means more opportunity—and that dream home might be within reach sooner than you think.

Bottom line: This market could be working in your favor. Don’t sit it out—go for it.

Contact for a Buyers Consultation