Standoff Market: Homes Stay Longer, Price Cuts Rise

Novembers housing market: A standoff between sellers and buyers - Homes are staying on the market longer, and price cuts are becoming more common. Real estate agents are delivering unwelcome news to homeowners, as sellers still expect bidding wars and quick sales. This situation has been described as a standoff market, leading to frustration on all sides. Data shows that homes are taking longer to sell year-over-year, and theres a significant increase in delistings, indicating a widening gap between what buyers are willing to pay and what sellers expect.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.