From Frenzy to Freedom: Why Cooling Market Is Great News For Homebuyers

Today, the pace of the housing market is much more manageable. According to the latest data, homes are now spending an average of 58 days on the market. Compare that to the height of the pandemic, when homes disappeared in just days, and you can see the shift is huge.

This slower pace gives you something you haven’t had in years: time.

• Time to think through your options.
• Time to negotiate.
• Time to make a confident decision instead of a rushed one.

Less Pressure, More Leverage

On average, buyers now have about a week longer to decide than they did last year—and almost twice the time compared to the market’s peak.

Back then, FOMO (fear of missing out) pushed people to act too fast. Today, the market is giving you breathing room. As Bankrate explains:

“For years, buyers have been racing to snag homes because of the fierce competition. But the market’s cooled off a bit now, and that gives buyers some breathing room. Homes are staying listed longer, so buyers can slow down, weigh their options and make more confident decisions.”

That breathing room also means more negotiating power. With more homes available and fewer bidding wars, buyers can often secure better terms and take a calmer, more strategic approach.

Why Local Trends Still Matter

While the national average shows homes lingering for 58 days, your local market may tell a different story. Some neighborhoods are still moving quickly, while others are more relaxed.

That’s why working with a local agent is key—they’ll help you understand the pace in your specific area and guide you on when to act fast and when you can take your time.

As Realtor.com puts it:

“While national headlines might suggest a buyer’s market is taking hold, the reality on the ground depends heavily on where and what you’re trying to buy. Local trends can diverge sharply from national averages, especially when you factor in price range, property type, and post-pandemic market dynamics.”

Bottom Line

If the stress of the past few years made you step back from buying, this is your signal to step back in.

The market is calmer. You have more options. More time. More control.

And with the right agent by your side, you’ll be positioned to find the right home on your terms.

Source: Keeping Current Matters

Peter Pescatore

Experienced Chief Operating Officer with a 26 + year demonstrated history of working in the banking industry. Skilled in all aspects of the residential mortgage market . Strong business development professional with a Bachelor of Science (BS) focused in Business Administration and Management, from St. Joseph College. A direct endorsement underwriter and a licensed Mortgage Loan Originator.

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