Slower demand from buyers has more homes for sale now than at any time since 2019, according to the latest market report from Zillow®. With homes lingering on the market and less competition for them, a long-anticipated balance of power between buyers and sellers looks to have finally arrived. Here’s a look at what the housing inventory increase means for buyers and sellers.

Sellers held the upper hand through most of the past five years as demand for homes far outweighed the options available. Sellers now returning to the market in greater numbers, along with a surge in new construction, has helped balance the scales — competition among buyers is lower than any June in Zillow records dating back through 2018. But affordability is still a major challenge.

“The shift to a ‘neu

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