08/04/2026
The Lingering Effects of the Pandemic 🏡
If you’ve been wondering why the housing market feels so different lately, you’re not alone.
Over the last four years, the housing market has been a lot like a toddler—full of surprises. One minute everything is going great, and the next you’re wondering what just happened.
Normally, the market goes through natural cycles of growth and correction. But when the pandemic hit, that cycle was interrupted. Interest rates fell to historic lows, homeowners refinanced, and the pool of buyers exploded. At the same time, inventory couldn’t keep up, creating a huge imbalance between supply and demand. The result? Home values climbed at double-digit rates year after year.
As prices skyrocketed, many buyers found themselves priced out of the market. Then interest rates returned to more normal levels, and the market began adjusting.
Today, we’re in a transition period between the excitement of yesterday’s market and the reality of today’s. That doesn’t mean the market is crashing—it simply means we’re returning to a healthier, more balanced market.
We’re seeing homes stay on the market longer, more price reductions, and buyers gaining negotiating power again. That’s not bad news—it’s a sign that the market is normalizing.
If you’re selling: Be patient and price your home correctly from the start. A knowledgeable Realtor can help you understand where your neighborhood stands and create a strategy that gets your home sold.
If you’re buying: This is the most opportunity you’ve had in quite a while. You have more homes to choose from, more room to negotiate, and the ability to ask for things like seller concessions, repairs, flooring allowances, or an interest rate buydown.
The market hasn’t stopped—it has simply changed. And understanding those changes is the key to making smart real estate decisions.
Have questions about what the market looks like in your neighborhood? I’d be happy to help
-Jason Wilbur
Bray Real Estate
970-433-4473