Is the housing market cooling down in your neighborhood?

real estatehousing markethome buying

Milen_22

Joined:
31.08.2022
Posts: 2413

Topic Starter

18.01.2025 18:46

I've been looking at listings in my area for the past few months, and it feels like things are finally starting to shift. Some houses that would have sold in a single weekend last year are now sitting on the market for weeks without any major price drops. I'm curious if anyone else is seeing a similar trend where you live, or if it's still a total frenzy. Are people actually getting offers under the asking price, or is that just wishful thinking on my part?

19 replies in this topic

Iva_R

Joined:
15.10.2019
Posts: 615

15.02.2025 06:49

Definitely feeling the shift here in Austin. Houses that used to have 20+ offers are now lingering for a month or two. It's a breath of fresh air for buyers, honestly.

Zuzi_P

Joined:
26.04.2021
Posts: 2083

05.03.2025 06:40

I'm in the Seattle suburbs and it’s still pretty competitive here, unfortunately. Nothing stays on the market for more than two weeks.

star_vulk

Joined:
06.11.2020
Posts: 612

14.03.2025 12:59

In reply to a previous post

Same experience as you, OP. I just saw a house in my neighborhood drop its price by 50k after sitting for a month. It hasn't happened in years.

Niko_N

Joined:
17.10.2021
Posts: 1658

23.03.2025 07:37

It’s definitely cooling. Interest rates are killing the buying power for most people, so sellers are finally having to be realistic.

Denis_P

Joined:
09.11.2020
Posts: 1176

11.04.2025 02:39

In reply to a previous post

I actually got an offer accepted at 10k under asking last week! Don't lose hope, the market is definitely turning in the buyer's favor.

Misho_B

Joined:
17.10.2023
Posts: 1744

12.04.2025 13:25

I wouldn't call it a crash, but the 'frenzy' is definitely over. People aren't waiving inspections anymore, which is great to see.

GospodinNikoi

Joined:
24.09.2020
Posts: 1350

25.04.2025 20:18

In my town, it depends entirely on the price point. Anything under 400k still flies off the shelves, but the luxury stuff is just sitting there.

Filip_G

Joined:
22.12.2020
Posts: 40

10.06.2025 22:57

In reply to a previous post

Exactly what I'm seeing. My neighbor has been trying to sell for six weeks and they’ve already lowered the price twice. It’s a completely different vibe than last summer.

Milos_S

Joined:
07.03.2020
Posts: 2376

11.06.2025 23:31

Are you guys seeing more inventory, or are people just deciding not to sell because they don't want to lose their low interest rates?

iztrit_potrebitel

Joined:
15.02.2021
Posts: 478

26.08.2025 15:38

In reply to a previous post

Inventory is still pretty low where I am, but the demand has dropped off a cliff because of the mortgage rates. It feels like a stalemate.

Martin_85

Joined:
23.02.2025
Posts: 1117

11.10.2025 07:15

I’m in a rural area and things haven't changed at all. Still zero inventory and people are still overpaying.

Oli_L

Joined:
12.08.2025
Posts: 489

07.11.2025 09:20

In reply to a previous post

Don't get your hopes up too high. Sellers are stubborn and many would rather take their house off the market than sell for less than their neighbor did last year.

seba_bg

Joined:
03.06.2022
Posts: 1396

10.11.2025 14:10

I think we’re seeing a 'normalization' rather than a cooling. The last two years were completely unsustainable.

otgovor_BG

Joined:
24.10.2022
Posts: 1156

10.11.2025 22:38

In reply to a previous post

I’ve been tracking Zillow data for my zip code and the average days on market has tripled since January. The data backs up what you're feeling, OP.

Martin_85

Joined:
02.11.2020
Posts: 1381

25.11.2025 10:58

It’s a great time to be a renter, but I feel bad for anyone who bought at the peak last year.

Brayan_Z

Joined:
07.12.2022
Posts: 2395

23.12.2025 23:12

In reply to a previous post

My realtor told me yesterday that she’s finally seeing contingencies being added back into contracts. That alone tells you the power has shifted back to the buyer.

Alisa_K

Joined:
22.02.2022
Posts: 682

31.12.2025 21:10

I'm holding off on buying until next spring. I think prices have a bit further to fall once sellers realize the party is over.

Hubo_K

Joined:
05.08.2024
Posts: 254

12.01.2026 17:49

In reply to a previous post

I actually saw a 'For Sale' sign stay up for three months in my neighborhood. That was unheard of in 2022.

NeZnamNoPisha

Joined:
24.06.2024
Posts: 1051

29.01.2026 20:20

In reply to a previous post

Thanks for starting this thread. It's good to know I'm not the only one noticing the shift.

Is the housing market cooling down in your neighborhood?

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