07/01/2026
📍 Housing Market Update
If you’ve been wondering what’s happening in real estate, here’s the short version:
• Mortgage rates are averaging around 6-7%, making affordability a bigger challenge than it was a few years ago.
• The market has slowed compared to the frenzy of 2021-2022, but we’re not seeing a housing crash.
• We’re moving through a much more balanced market.
• Homes are taking longer to sell, and days on market continue to increase.
• Buyers have more choices and more negotiating power than they’ve had in years. We’re seeing more requests for repairs, seller-paid closing costs, and interest rate buydowns.
• Sellers need to be realistic. Pricing your home based on what your neighbor sold for a year or two ago isn’t today’s market.
• While appreciation has slowed, home values are generally holding, not falling off a cliff. Well-priced, well-presented homes are still selling.
The biggest factor driving today’s market isn’t a lack of demand, it’s affordability. Higher mortgage rates, higher insurance costs, higher taxes, and the overall cost of living have changed how much buyers can comfortably afford.
Bottom line: This isn’t a buyer’s market, and it isn’t the seller’s market we’ve been used to. It’s a healthier, more balanced market where strategy, pricing, and presentation matter more than ever.
Real estate is local, so don’t let national headlines tell you what’s happening with your home’s value. If you’re curious about your neighborhood or you’re thinking about buying or selling, let’s look at the local data. Give me a call/text 704-610-0349.
