Record Buyer’s Market Opens New Opportunities for Homebuyers

There were 1.53 million active home sellers nationwide in August, the highest since early 2020, while active buyers remained near record lows. Nashville showed the largest seller-to-buyer gap at 139.3%. Despite slower home price growth in buyer markets, high rates and prices limit buyer qualification. Brokers are encouraged to be creative and proactive to help clients navigate this challenging market.