It’s happening y’all. The adjustment we’ve been waiting on has started. Check out the chart attached. The market is poised to correct and has already started a bit. This is great news for buyers.
Everything listed below is comparing October 2024 to October 2025
-New Listings down 25%
-New Under contract down 5%
-Active Inventory up 23%
-Under Contract Inventory down 18%
-Closings down 17%
-Sales price (finally) starts to fall 1%
-Days on Market up 30%
-Months of Supply up 42%
We have been waiting for the shoe to drop. We need this correction. We need to get it over with and start recovering. Waiting and waiting and waiting just builds anxiety. We cannot recover until we hurt. We are just delaying the inevitable.
Remember one of my mantras is that chaos breeds opportunity. The opportunity in this chaos is for buyers. Now is the time to strike. It doesn’t matter what interest rates are. You can get a deal. You can negotiate more now than you have been able to for the last 7 years. If interest rates go down, you will actually LOSE ability to negotiate as buyer competition limits the seller’s need to negotiate
But here is the crazy part, it is NOT a total loss for sellers. If you bought prior to 2022 and you have not taken equity out, you can make money now. You HAVE to be realistic about pricing and negotiating, but you absolutely can make money. If you are thinking about it, give me a call. We can make a plan–and it may include waiting. But at least its a plan. As GI Joe said, knowing is half the battle.
So if you are feeling the need to move. If it is crowded. If you are empty nesting. Let’s talk. There are opportunities RIGHT NOW.
