With home listing prices dropping at the fastest rate in nine years, the news is indeed good for buyers. The national median asking price declined by 2.5% in June, the eighth consecutive month of decreases.
Real estate analysts agree that, in most cases, sellers are listing their homes at reasonable amounts with occasional exceptions at the ultra-high end.
Finally, for the first time in over two years, days on the market held steady at 53, showing the buyers are indeed moving to purchase.