Depending on where you live, today’s housing market may feel either fast-paced or surprisingly calm. That’s because real estate trends are no longer moving in the same direction everywhere. Some markets are heating up, while others are slowing down. In short, it’s a split landscape across the country.
In a buyer’s market, there are more homes for sale than there are active buyers. That dynamic gives buyers the advantage—homes stay on the market longer, sellers may need to adjust pricing, and buyers often have room to negotiate.
In contrast, a seller’s market is fueled by low inventory and high buyer demand. Homes sell quickly, often with multiple offers, and prices tend to push upward.
Right now, both types of markets are happening—but it depends on your location. Want to know which one you're in? A trusted local real estate expert can help you make sense of current trends in your area.
A major factor that shapes the market is the ratio of buyers to sellers. According to Redfin, regional dynamics are shifting:
This marks a big change from the peak seller-driven market just a few years ago. Now, local trends vary not only by state or city, but sometimes from one neighborhood to another.
When supply and demand shift, pricing follows. In areas with high demand and tight supply—like much of the Northeast and Midwest—home values are still climbing.
In contrast, regions where supply is growing faster than demand—such as parts of the South and West—are seeing prices level off or even dip slightly. That can work in a buyer’s favor when it comes to negotiations.
Data from ResiClub shows this split clearly across major metros. About half the top 50 cities are seeing price growth, while the other half are flat or experiencing modest declines.
If you’re a homeowner in an area where prices are cooling, remember: most homeowners have built up substantial equity in recent years. Even with a slight dip, chances are you’ll still come out ahead when you sell.
Even if your region is trending toward a buyer’s market, your specific city—or even your zip code—might be experiencing something different. That’s where hyperlocal expertise comes in.
A real estate professional with local market insight can help you:
With market conditions now varying widely from one area to another, it’s more important than ever to have a clear view of what’s happening locally. Whether you're buying, selling, or exploring both, the right expert can help you navigate your path with clarity.
Let’s connect and create a plan that’s grounded in your local market—and designed around your goals.
