- work out on price or demand seller concessions
- demand inspections without fear of losing the offer
- take time to compare homes without losing out to competing offers
- push for rate buydowns or closing expense contributions
Redfin defines a purchaser’s market as one where sellers outnumber buyers by more than 10 percent. A seller’s market is one where buyers outnumber sellers by more than 10 percent. Markets within either side of that 10 percent limit are categorized as well balanced.
Home loan rates rising to their greatest level in nearly a year drove demand flat in May, according to Redfin. The weekly typical 30-year fixed rate reached 6.53 percent for the week ending May 28, according to Freddie Mac’s Main Home mortgage Market Survey. That pushed the normal monthly real estate payment to $2,623, near its greatest in 11 months.
The supply rise is the essential driver of the current imbalance. Redfin approximated nearly 1.5 million home sellers in the market in Might– the highest count because 2020 and up 0.4 percent from April.
Independently, Realtor.com’s Spring 2026 Housing Market Progress Report discovered new listings rose 1.4 percent year over year through April and now sit 22 percent above their 2023 trough. That momentum is shown in contract signings striking a four-year high as sellers reset prices, suggesting that where supply and reasonable prices align, purchasers are acting.
The exact same Realtor.com report discovered Dallas, San Antonio, Miami and Tampa have seen constant price reductions. These are markets where forecasters expected purchasers to gain utilize as 2026 progressed, and where spring data confirms that shift is underway.