09/02/2026
I'm asked almost on a daily basis "How's the market?"
I usually respond with: "Well...it's a bit weird right now."
For intents and purposes, we're still in a seller's market. But at the same time, buyers are in better positions to negotiate than they have previously.
A couple of take-aways from this chart:
1) "Let's try the higher price and see what happens." comes at a risk.
2) "The overall median time on market has risen from 15 days two years ago to 21 days now. But the slowdown isn't evenly distributed. Correctly priced homes still go under contract in about a week, just as they did a year ago." (IAR Housing Hub)
Time on market can cost sellers more than just time.
The longer a home sits, the more likely the eventual negotiation can include seller concessions, more aggressive inspection requests, and other terms that are more favorable to the buyer.
That's why I don't believe in the strategy of "Let's start high and see what happens."
The market is giving us a good indication of what happens when we're wrong.
Bottom line: Price it based on the market from the beginning.