If you’ve been keeping an eye on the housing market, you may be wondering: Is now the right time to buy? Or is it better to sell? The answer depends on where you are—and what your goals are.
The real estate market has shifted dramatically over the past few years. Interest rates, inflation, and housing supply have all played a role in creating an environment that isn’t purely in favor of buyers or sellers. Instead, many areas are experiencing what experts call a “balanced market”—where neither side has a distinct advantage.
What Defines a Buyer’s or Seller’s Market?
Let’s break it down:
- In a seller’s market, there are more buyers than available homes. That means homes sell quickly, bidding wars are common, and sellers often receive top dollar.
- In a buyer’s market, there are more homes than buyers. That gives buyers more leverage to negotiate on price, request repairs, or ask for seller concessions.
What Are We Seeing Right Now?
Across many regions—including here in California—the picture is a little mixed:
- Inventory remains low, especially for move-in ready homes. This puts upward pressure on prices and gives sellers some leverage.
- Interest rates are still relatively high, which has cooled buyer demand and made some would-be sellers hesitant to list their homes.
- Well-priced homes in desirable areas are still moving quickly, but homes that are overpriced or need work are sitting on the market longer.
In other words, it’s not a runaway seller’s market anymore—but it’s not a total buyer’s market either.
What This Means for Sellers
If you’re considering listing your home, this is still a solid time to do so—especially if your home is in great condition and priced correctly. While buyers are more selective today, demand remains for homes that are well-presented and located in sought-after neighborhoods.
A strong marketing strategy and accurate pricing are essential. That’s where we come in. The Lindsey Harn Group knows how to position your property to stand out in today’s market.
What This Means for Buyers
If you’re looking to purchase, you may find fewer bidding wars and slightly more flexibility from sellers—but you still need to move quickly when the right home comes along. Mortgage rates have changed the affordability equation, so working with a knowledgeable agent (and lender) is key to making smart, confident decisions.
Local Insight Matters Most
National headlines are helpful, but real estate is local. What’s happening in San Luis Obispo County may be very different from other areas in California—or the country. That’s why it’s important to talk to someone who understands the nuances of your local market.
Thinking about buying or selling? Let the Lindsey Harn Group guide you with expert insight and personalized strategy tailored to today’s market.