The market nationally has finally turned into neutral territory, putting buyers and sellers on equal footing as mortgage rates trend lower and price growth slows.
The combination of easing price growth, slower sales, and rising inventory means that buyers looking for a deal should keep their eyes open for listings with price cuts as well as those that have been on the market for several weeks. They should also expect sellers to be more willing to offer concessions, especially around closing costs that can help lower the monthly payment, says Zillow® Chief Economist Skylar Olsen.