U.S. housing shifts to a buyer's market with more homes available but fewer sales due to high prices.

The U.S. housing market has shifted to favor buyers, with more homes for sale but fewer sales due to high prices. Sellers are offering concessions as the power dynamic changes from the pandemic-era boom. The gap between sellers and buyers has widened to nearly 500,000, marking a buyer's market nationally, though trends vary by city due to high prices and borrowing costs. To determine the market's state, consult a local real estate agent for up-to-date information.