Stagnant housing market stalls sales

A stagnant housing market leaves many sellers unable to relocate, buy homes, or follow life decisions requiring a sale.

Sellers face pressure to lower prices

Sellers who stay on market must reduce asking prices and cover buyer costs, with many cutting thousands toward repairs.

Market shift from seller to buyer dominance

The market has shifted toward buyers’ markets, requiring sellers to lower prices and concessions to attract buyers.

Liz Suder’s year-long home sale struggle

Liz Suder waited over a year to sell her home in Murphy, Texas, reducing price from $750,000 to $650,000 with $9,000 toward repairs.

“I never expected it to take a full year, and for me to have to reduce the price by that much”

Rick Ganga’s stalled home sale

Rick Ganga needs to sell his home in Blaine, Washington, before divorce completion, but has no offers after lowering price to $800,000.

“There’s (been) no offers, virtually zero traffic”

Mortgage rates surge to 7.4%

Average 30-year mortgage rates surged to 7.4%, the highest in nearly three years, stifling home sales.

Median home price drops 1.2%

National median home listing price declined 1.2% to $419,250, with 21% of listings lowering initial prices.

Ethan Butner’s delayed home sale

Ethan Butner has been on market over two months for $480,000, slashing $30,000 but with only one offer that fell through.

“It’s been a roller coaster of emotion for myself, my family, especially my fiancée”

Market imbalance favors sellers

There are 63% more sellers than buyers in major U.S. metro areas, with buyer numbers at a record low since 2013.