The recent survey indicates a definitive shift towards a buyer's market as inventory increases and pricing flexibility becomes more common. Despite this favorable trend for buyers, affordability remains a significant issue. The Transaction Growth Index for Real reported a decline, reflecting contraction in home sales, particularly in the U.S. Meanwhile, agents noted that economic uncertainty is a rising concern, while buyer competition is becoming less of an issue. Although brand reputation is a minor factor in choosing a brokerage, economic considerations are prioritized by agents in their decision-making process.
The spring market is clearly tilting toward buyers, with more inventory and greater pricing flexibility emerging across many regions, said Tamir Poleg, chairman and CEO of Real.
Real's Transaction Growth Index dropped to 44.2 in May, signaling contraction in home sales activity, with affordability remaining a top concern for buyers.
43% of agents reported that market conditions now favor buyers, citing increased inventory, extended time on market, and more room for negotiation.
Survey findings suggest that brand reputation plays a limited role in how agents choose a brokerage, with most citing economic considerations instead.
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