The housing market may finally be leveling out. In June, total active inventory surged 17% year over year to 1.36 million homes—the highest level since 2019. Nearly 27% of listings saw price cuts, a record high for the month, as more sellers adjust to tepid buyer demand. With homes taking longer to sell and Zillow’s market heat index showing a neutral balance in nearly half of major metros, this episode explores how the power dynamic between buyers and sellers is shifting—and what that means for prices, negotiations, and investment strategy heading into the second half of 2025.

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