Now Is the Time: What Every Home Buyer, Seller & Renter Needs to Know in Today’s Market

The latest data from Redfin shows that the housing market has officially tipped into one of the strongest buyer’s markets in more than a decade. There are significantly more sellers than buyers across the United States, with some metro areas like Austin, Texas seeing more than double the number of sellers compared to buyers. The change is giving well-prepared buyers stronger negotiating power, while sellers must adjust strategies to remain competitive. Prices are stabilizing, sales are slower, and buyers who are ready to act are now in the driver’s seat.

Here is what the numbers say and what it means for every side of the market.

Key Market Facts

• In October 2025, there were about 36.8% more sellers than buyers nationwide, the widest gap since 2013.
• The number of buyers fell 1.7% from the previous month, reaching roughly 1.44 million active buyers.
• Sellers decreased by only 0.5%, totaling about 1.97 million.
• Redfin defines a buyer’s market as one where there are at least 10% more sellers than buyers, and the United States has met that definition since May 2024.
• Austin, Texas has one of the widest gaps, with sellers outnumbering buyers by approximately 115%.
• The median national sale price in October was around $440,523, up only 1.4% compared to the year before.
• The typical home sold for about 1.5% less than the final asking price, the largest October discount since 2019.

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What This Means for First-Time Home Buyers

• Buyers now have stronger negotiating power with more homes on the market and less competition.
• Affordability challenges remain, so preparation and pre-approval are essential.
• Timing matters. Austin and other Texas markets have high inventory levels that create opportunity for buyers who are ready.
• Work with an experienced agent who can help you negotiate not just on price, but also closing costs, inspection credits, and other terms.
• Waiting may not guarantee a better deal because mortgage rates and local competition can shift quickly.

What This Means for Luxury Home Sellers

• Demand in the upper-tier market has cooled. Setting a realistic price and investing in presentation are now critical.
• Properties that sit on the market too long lose leverage. Sellers should refresh marketing and highlight lifestyle value.
• Strategic pricing and professional marketing are key to attracting the right qualified buyers.
• Luxury sellers who respond quickly to market feedback are the ones who close successfully in slower conditions.

What This Means for Renters

• Rental demand remains steady as some potential buyers continue to rent while waiting for better affordability.
• Renters should use this time to strengthen credit, save for down payments, and plan financially for a purchase within the next 12 to 24 months.
• Some areas may see rent adjustments as more inventory hits the market, creating leverage for well-qualified tenants.
• Renters who monitor the market closely can seize opportunities to buy when conditions align.

Action Steps for Every Type of Client

• Buyers should get fully pre-approved and know their exact budget before shopping.
• Sellers should reassess list prices and ensure their homes show at their absolute best.
• Renters should evaluate lease timelines and prepare financially for ownership.
• Everyone should stay informed about local market conditions and act decisively when the right opportunity appears.
• Work with a real estate professional who understands both first-time buyers and luxury listings to navigate this market successfully.

The Bottom Line

We are in a unique market cycle where buyers have gained leverage for the first time in years. Sellers who adapt and buyers who prepare can both win. Whether you are entering the market for the first time, downsizing, selling or buying a luxury home, or renting while planning your next move, the right strategy today can put you ahead of tomorrow’s competition. Options are everywhere and with the right strategy and support, you can own your future. Ill run numbers, show options, and map out your real estate plan. Reach out.

Amanda Ashford- Your Texas Realtor

512-720-2907

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