Home sellers are lowering their prices and helping buyers to make a deal in a stagnant market
Summary
A stagnant U.S. housing market has left sellers with fewer buyers and less bargaining power. Many are cutting prices or paying some buyer costs, while others take listings off the market or delay major plans.Key Facts
- High mortgage rates, years of home-price increases and inflation have made homes harder for many buyers to afford.
- Sellers now outnumber buyers in many areas, and homes may take longer to sell.
- Some sellers are lowering prices and offering money toward repairs or other buyer costs.
- Liz Suder listed her Murphy, Texas, home for $750,000 in April 2025 and later agreed to sell it for $650,000, with $9,000 toward repairs.
- Suder said the sale took more than a year and delayed her plans to buy a smaller home.
- Rick Ganga listed his Blaine, Washington, home for $825,000 on June 1 and later lowered the price to just under $800,000, but had received no offers at the time of the report.
- Ganga said he could not afford a larger price cut because he had not built enough equity in the home.
- Ganga is postponing plans to transfer to another state for work until his home sells.
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