It’s a New Year, new market. HomeLight, a residential sales software and services firm, surveyed hundreds of real estate agents about their forecasts for the 2020 housing market and found that agents feel the market is shifting. Of those polled, less than half indicated it will be a sellers’ market, the first time that has happened in years. Only 15 percent expect a buyers’ market, and 44 percent say it the market conditions will be balanced—now that’s a word we have not heard in quite awhile.
Home sellers in some neighborhoods may have missed their chance to dictate the market.
The number of real estate agents around the country who say they are in a sellers' market slid below 50% for the first time in years, according to a fourth quarter survey by HomeLight.
The residential sales software and services firm polled hundreds of agents across the U.S. for its latest report.
"It's still a seller's market across much of the country, but agents report a noticeable shift toward more balanced conditions," HomeLight reports in the new study. "Predictions for 2020 suggest that the market will continue to soften as the calendar year turns.
"Nearly 44% of agents anticipate balanced conditions for their local market in 2020 while 15% say they'll see a buyer's market."