BiggerPockets Daily The Summer Housing Market Struggles to Find Footing
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Jul 19, 2025 The housing market is seeing a significant shift as active inventory rises sharply. Prices are being slashed on nearly 27% of listings, revealing sellers' adjustments to slowing buyer interest. Homes are taking longer to sell, indicating a cooling trend. The dynamics between buyers and sellers are evolving, impacting negotiations and investment strategies. Additionally, affordability remains a challenge, especially for first-time buyers navigating the current market landscape.
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Inventory Surge Shifts Market Power
- Active housing inventory surged 17.2% year over year to 1.36 million homes, the highest since 2019.
- This surge gives buyers more choices, more time, and increases their leverage in negotiations.
Price Cuts Hit Record Highs
- Nearly 27% of listings had price cuts in June, the highest ever recorded for the month.
- Price drops signal sellers adjusting to weaker buyer demand post-pandemic.
Balanced Housing Markets Emerging
- Zillow's market heat index shows the U.S. overall and many metros have balanced markets.
- Nearly triple the number of neutral markets exist compared to a year ago, shifting power away from sellers.