Why It Feels Like Two Different Housing Markets Right Now

Right now, it almost feels like we're living in two housing markets at once. On the one hand, buyers are feeling the pressure. Mortgage rates have risen, and home prices haven't really cooled off. That combo has made purchasing a home more expensive than it’s been in years. Understandably, some buyers are pulling back or pausing their search, hoping rates will drop or better deals will appear.

On the flip side, sellers aren’t feeling that same urgency to adjust. Inventory remains tight because most homeowners who locked in low mortgage rates during the pandemic aren’t eager to give them up. So, while buyer demand may be easing, home prices are staying firm—and in many areas, still rising.

It creates a weird push and pull. Buyers want a break, but sellers aren’t blinking. In markets like this, it’s less about price wars and more about patience. Homes that are priced right are still moving. Others? They’re sitting.

From my perspective, this disconnect is a reminder that we’re not in a traditional boom or bust cycle. We’re in a standoff. The people with the houses aren’t desperate, and the people who want to buy them are tired of stretching their budgets.

If you're buying, the good news is you may face less competition right now. But don’t expect prices to suddenly fall across the board. And if you’re thinking about selling, there are still buyers out there—especially if your home is priced appropriately and move-in ready.

In summary, I’d say this market is all about realism. Whether you're buying or selling, adjusting your expectations to meet current conditions is the best move you can make.