Homes are languishing on the market and forcing sellers to reduce prices as housing market cools from red-hot pandemic

Housing market cooling leads to price reductions

More than half of homes sold in 2025 have seen at least one price cut as the housing market shifts from the intense activity experienced during the pandemic. Sellers are increasingly lowering asking prices to stay competitive amid slower demand.

Current market challenges for sellers

Due to decreased buyer activity compared to the pandemic years, many homes are staying on the market longer than before. This forces sellers to adjust their pricing strategies to attract interest and secure a sale.

"Some home sellers will have to drop their asking price if they hope to remain competitive in today's housing market," reflecting a trend toward more cautious buying behavior.

Impact on homebuyers and selling prospects

Sellers face increased pressure to balance pricing with attracting buyers, while buyers benefit from more negotiating room than in the recent red-hot market. This cooling effect is gradually stabilizing housing prices.

The housing market in 2025 is adapting to slower buyer demand by widespread price reductions, signaling a clear shift from pandemic-driven price surges to a more balanced market environment.

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The Independent on MSN The Independent on MSN — 2025-11-28

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