The Market Has Shifted — Here’s What It Means for Buyers and Sellers in the Midsouth

The housing market has officially flipped, and if you don’t adjust your strategy now, you could leave serious money on the table.

• The national average home price is $407,000 — only up 2.9% from last year.
• Homes are sitting longer, with average days on market at 32 and some areas stretching past 45.
• Inventory is up 12% nationwide, while new listings are down.
• The gap between asking and sold prices is fading fast.

Buyers now have negotiating power with concessions and credits. Sellers must price and market flawlessly from day one or lose leverage.

I’m Kelly Day with simpliHŌM — where we make buying and selling a home simple.