06/17/2026
🏡 What Are Buyers Telling Us?
The latest NAR REALTORS® Confidence Index for May 2026 shows some interesting shifts in the housing market:
âś… First-time buyers are returning
35% of buyers in May were first-time homebuyers, up from 30% a year ago.
âś… Fewer bidding wars than the frenzy years
25% of homes sold above list price, still competitive, but below last year’s pace.
âś… Buyers are being more cautious
Only 17% waived inspection contingencies, down from 25% a year ago. More buyers are choosing to protect themselves and fully understand the condition of the property before closing.
What does this mean?
The market appears to be moving toward a healthier balance. Buyers have become more deliberate, while opportunities are opening for first-time purchasers. Strong pricing still exists, but today’s market rewards good information and realistic expectations.
Whether you’re buying, selling, or simply curious about your home’s value, understanding the market is more important than ever.
📍Serving Southeast Louisiana since 1999
Joseph Mier & Associates Appraisal Services
Independent, credible residential valuations for lenders, attorneys, estates, and homeowners.