Homebuyers Gain More Options as Demand Cools

This July, the real estate landscape shifted significantly—U.S. homebuyer demand dropped to a record low, with sellers now outnumbering buyers by 51.3%. As a result, many cities are now firmly in buyer’s market territory, largely due to higher mortgage rates and ongoing economic uncertainty. Only six metro areas are still considered seller’s markets. In my 35+ years serving the Oxford, Lapeer, and Lake Orion communities, I’ve seen how quickly the balance can change and how important it is for clients to have clear, timely updates. Whether you’re considering your next move or weighing your options, understanding these trends is key to making informed decisions. I’m committed to helping buyers and sellers navigate these shifts as smoothly as possible, always with honesty and professionalism.