It’s been a rough year for home sales. In its June report, the National Association of Realtors (NAR) noted that existing-home-sales dipped by just under 3% from the prior month, to an annualized rate of 3.93 million sales — the lowest total since 1995, it says. In addition, home prices rose nationally by just 2% from June 2024 (and are actually declining in a number of regions).

But even that modest increase has further worsened affordability and stifled demand from homebuyers. This, in turn, has shifted the market from favoring sellers to a more neutral position. In this difficult market, homes are taking longer to sell, with the median number of days on market up by 14% from a year ago to 58 days in July, according to Realtor.com . And sellers are increasingly finding it necessar

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