If you’ve been keeping an eye on the housing market lately, you may have noticed something interesting happening — more sellers are adjusting their prices. According to recent data from Realtor.com, 1 in 5 home sellers are reducing their asking price right now.

So, what’s behind this trend, and what does it mean for buyers and sellers in today’s market?

Why Sellers Are Adjusting Their Prices

Over the past couple of years, home prices surged due to low inventory and high buyer demand. However, the market has shifted. Higher mortgage rates and affordability challenges have caused some buyers to pause or reconsider their budgets.

That means homes that might have sold quickly last year are now staying on the market longer — and some sellers are lowering prices to attract serious buyers.

What This Means for Buyers

If you’re a buyer, this shift could mean more opportunities. With more price reductions happening, you might find a home that fits your budget better — or even have room to negotiate.
Now is a great time to explore your options, especially if you’ve been waiting for the market to cool off a bit.

What This Means for Sellers

If you’re selling, pricing your home strategically from the start is more important than ever. Today’s buyers are watching the market closely and know when a home is overpriced.
Working with an experienced real estate agent can help you analyze comparable sales, position your home competitively, and attract motivated buyers faster.

The Bottom Line

The real estate market is adjusting — and so are seller strategies. Whether you’re buying or selling, understanding these trends can help you make smart, confident decisions.

If you’re curious about how this shift impacts your neighborhood, let’s connect. I can help you review current local data and find the best path forward in today’s evolving market.