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Story summary
- Realtor.com says the seller-dominant bidding-war era has ended in the United States.
- Economist Joel Berner says correctly priced homes close about 1.8% above asking in four weeks.
- Listings staying about 18 weeks finish roughly 1.3% below the original price.
- Buyers have leverage in the $750,000-to-$2 million range, where prices fall most below list.
- Data show condo listings fell 6% from March 2022 and delistings rose to 5% in May, highest since 2022.
