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Is the market hot or not? That depends on where you live. Right now, the real estate world feels like a tale of two cities—literally. One neighborhood’s heating up with bidding wars and rising prices, while another’s sitting quiet with homes lingering on the market. So what’s really going on? Let’s break it down.

What’s the Difference Between a Buyer’s Market and a Seller’s Market?

In a buyer’s market, buyers have the upper hand. There are more homes than there are people to buy them. That means longer days on market, price reductions, and more room to negotiate. Think of it like a clearance sale—more choices, better deals.

In a seller’s market, it flips. Inventory is tight, buyers are competing, and homes sell fast—sometimes for more than asking. Sellers get to call the shots. It’s like trying to grab the last PlayStation on Black Friday.

Right Now? We’ve Got Both.

Thanks to shifting supply and demand, some areas are favoring buyers while others still give sellers the advantage. According to Redfin data:

• Northeast & Midwest = Seller’s Markets 🏠
  
  Homes are selling faster, prices are climbing, and buyers are still lining up.
  
  
• South & West = Buyer’s Markets 💸
  
  More listings, more negotiation power, and a bit of breathing room for buyers.
  
  

That’s a major change from the post-pandemic frenzy where everywhere felt like a seller’s market. Today? It’s all about location, location, location.

Home Prices Tell the Same Story

Want a peek at how prices are behaving? It’s a mixed bag. According to ResiClub, roughly half of the top 50 metros are still seeing price gains, while the other half are flat—or even dipping.

If you’re in an area where prices are softening, don’t panic. Most homeowners have built up a ton of equity over the last few years. You might not get 2022’s peak price, but odds are, you’ll still walk away with a win.

Why Local Knowledge is Everything

Here’s the kicker: Even within the same city, different neighborhoods can behave like totally different markets. One zip code could be red-hot while the one next door is ice cold.

That’s why working with a local real estate expert isn’t just helpful—it’s essential. A great agent will help you:

• Pinpoint if your area leans buyer or seller
  
  
• Price your home competitively or write a winning offer
  
  
• Navigate this weird, wonderful market with confidence
  
  

Bottom Line: The Market Is Local—And So Is Your Strategy

Want the real scoop on your neighborhood? Call or text us at 855-935-MORE.