Housing Market Slowdown: What It Means for Homeowner

The housing market is cooling, and many sellers are pulling back. Realtor.com reports that delistings are up 38% since January and 48% compared to last June. For every 100 homes listed in June, 21 were taken off the market. If you’ve hit pause on your own plans, you’re not alone—and your frustration is valid.

History Always Repeats Itself

This isn’t the first time housing has slowed:

• 1980s: Rates soared above 18%, but when they dropped, buyers came flooding back.

• 2008: The financial crisis tanked sales and prices, but both recovered with the economy.

• 2020: COVID froze the market overnight, then unleashed one of the fastest rebounds ever.

Every time, sales returned once the storm passed.

Where We Are Today

The drag on today’s market comes down to affordability. Mortgage rates skyrocketed in 2022 while prices were climbing, pricing many buyers out. That’s why sales have hovered near 4 million annually for the past couple of years.

The Outlook

Experts expect a rebound by 2026. Forecasts from Fannie Mae, MBA, and NAR show home sales rising to about 4.6 million as mortgage rates ease, unlocking pent-up demand.

What It Means for You

If you’ve pulled your listing, you made the right choice for now. But remember: slowdowns don’t last forever. The key is staying ready. Work with a trusted real estate agent who’s watching the market so you can relist when conditions shift.

Bottom line: The market always bounces back. Don’t miss the next wave when buyers return.