The Housing Market Has Shifted And So Should Sellers
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The Housing Market Has Shifted And So Should Sellers
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The Housing Market Has Shifted And So Should Sellers
Want to sell for top dollar? Contact us:
jebsmith.net/contact-me
Introduction
If your home didn’t sell last weekend, don’t panic. You’re not failing—you’re operating in a very different housing market. The rules have changed, and savvy sellers must adapt. In this comprehensive guide, we’ll break down what’s changed, why it matters, and how you can reposition your home for a successful sale in today’s market.
Why Today’s Housing Market Feels So Different
Nearly everything has changed. Sellers accustomed to 2020-2023 conditions are facing a wake-up call. Back then, low interest rates, panic buying, and tight inventory created rapid-fire sales. Today, that urgency is gone.
- Interest rates are now 6.5% to 7% — More than double the record lows seen during the pandemic.
- Affordability is at multi-decade lows — Buyers’ monthly payments are significantly higher.
- Inventory has surged 32% nationwide — There are more homes to choose from, increasing buyer leverage.
Buyers are more hesitant, and homes are no longer selling in a weekend. In fact, only 18% of homes are selling at list price, down from 27% a year ago.
Why Buyers Are Hesitating in 2025
Affordability and Fatigue
Mortgage rates have climbed, pushing many buyers to the sidelines. Monthly payments on a median-priced home have ballooned, and buyers who have been actively searching for over a year are simply exhausted.
Mindset Shift
Buyers now expect near perfection. With home prices near record highs, they’re no longer compromising. They want:
- Fully updated interiors
- Turnkey condition
- Homes that feel like what they see on HGTV
Regional Variations
- Northeast: Still fiercely competitive. Homes often receive multiple offers.
- Florida condos: Oversupply is leading to longer time on market and buyer uncertainty.
- West Coast markets: Inventory levels are rising, creating opportunities for negotiation.
Seller Panic Is Real (But Often Misguided)
When a home doesn’t sell quickly, many sellers blame their agent. But most of the time, it’s not a marketing failure. It’s a pricing and positioning problem.
What Your Agent Should Be Doing
A comprehensive marketing plan includes:
- Professional photography — First impressions matter.
- High-quality video tours — Today’s buyers expect multimedia.
- 3D walkthroughs — Let buyers tour from anywhere.
- Listing syndication — Your home should appear on Zillow, Redfin, Realtor.com, and beyond.
- Social media marketing — From Instagram Reels to Facebook ads.
The Experience Gap
Many agents have only known boom years. If they entered the business in or after 2020, they likely lack experience in a balanced or slow-moving market.
How to Reframe Your Home Selling Strategy
Understand Your Micro Market
Real estate is hyper-local. National headlines don’t sell homes—local data does. You need to:
- Analyze comparable sales from the past 90 days
- Understand neighborhood demand trends
- Study inventory and competition within your ZIP code
Master Strategic Pricing
There are 3 ways to price a home:
- Overprice it: Common mistake. Results in no showings, then painful price drops.
- Price based on recent comps: Ideal approach. Aligns with buyer expectations.
- Underprice strategically: Used to create bidding wars, but risky in today’s cautious market.
Pro Tip: If you get no showings in the first 14 days, your price is too high. If you get showings but no offers, presentation or condition may be the issue.
Nail the Presentation
Visuals Matter
In a digital-first search environment, visuals are everything. Your home must stand out in the scroll:
- Hire a professional photographer
- Create a compelling video tour
- Offer a Matterport 3D walkthrough
- Add floorplans to your listing
Prep the Property
Think of your home as a product on a shelf. To compete, it must shine:
- Deep clean and declutter
- Neutral paint and updated fixtures
- Fresh landscaping and curb appeal
- Stage if your furniture doesn’t highlight the space well
Note: According to NAR, staged homes sell 73% faster and often for more money.
Be Flexible, Not Desperate
Buyers today expect some level of seller cooperation. If you’re rigid, you risk turning away good offers.
- Closing date — Accommodate the buyer’s timeline when possible.
- Concessions — Credits for closing costs can boost your buyer pool.
- Repairs — Be willing to negotiate after inspections.
Flexibility doesn’t mean giving up everything. Smart negotiation is about finding the win-win.
Work With a Proactive Agent
The right agent is your biggest asset in today’s market. They should:
- Report weekly on showings and feedback
- Offer data-driven strategy, not opinions
- Adjust your plan based on market conditions
- Communicate transparently and proactively
If your agent isn’t giving you updates or only suggests dropping price, it’s time for a conversation.
Final Thoughts: Sell Smart in a Normalizing Market
This isn’t a housing crash—it’s a normalization. The market is adjusting after a historic run-up.
What it means for sellers:
- Homes may sit for weeks, not days.
- Buyers will ask for more.
- Emotional expectations need to be reset.
But homes are still selling. And the ones that move? They’re priced right, look great online, and offer value. If you align with buyer expectations, you’ll succeed.
Need Help Finding the Right Agent?
If you're unsure where to start, let us help. Whether you want to work directly with our team or need a trusted referral in your area, we can connect you with a professional who gets today’s market.
👉 Get in touch here: jebsmith.net/contact-me
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