{"id":2673,"date":"2026-06-10T10:30:00","date_gmt":"2026-06-10T10:30:00","guid":{"rendered":"https:\/\/lakeandhomes.com\/blog\/lower-asking-prices-are-a-win-for-todays-buyers\/"},"modified":"2026-06-10T10:30:00","modified_gmt":"2026-06-10T10:30:00","slug":"lower-asking-prices-are-a-win-for-todays-buyers","status":"publish","type":"post","link":"https:\/\/lakeandhomes.com\/blog\/lower-asking-prices-are-a-win-for-todays-buyers\/","title":{"rendered":"Lower Asking Prices Are a Win for Today\u2019s Buyers"},"content":{"rendered":"
\"Lower\n

If affordability has been the biggest thing standing between you and a home, there\u2019s a little good news.\u00a0<\/strong><\/p>\n

Asking prices have started to come down.<\/strong><\/p>\n

The typical seller listed their house for a median of $429,500 in May. That\u2019s 2.4% lower than a year ago, according to Realtor.com<\/em><\/a>. On its own, that won\u2019t transform what you can afford, but in today\u2019s market every little bit helps and it signals a broader shift taking place.<\/p>\n

Buyers Are Finally Catching a Break<\/strong><\/h4>\n

Check out this <\/strong>data<\/strong><\/a> from Realtor.com<\/em> and you can see this is the first May in years where buyers have caught any sort of break price-wise.<\/strong><\/p>\n

Each May from 2022-2025, things held pretty steady. But this year? You can see that more noticeable shift in your favor (see graph below)<\/em>:<\/p>\n

\"a<\/p>\n

While the dip from $440,000 to $429,500 isn\u2019t a big one, it gives you more breathing room. And that\u2019s not a small thing when affordability has been this tough.<\/p>\n

Now, lower asking prices don\u2019t mean every home is suddenly within your range. But they do show buyers are gaining a little ground.<\/p>\n

And in today\u2019s market, a little ground can go a long way.\u00a0<\/p>\n

What That Means for the Housing Market<\/strong><\/h4>\n

And just in case this crossed your mind, this is good news for your move, not bad news for the market as a whole.<\/strong><\/p>\n

The subtle dip from last May to this one shows prices are easing, but they\u2019re not dropping off a cliff. What this is actually a sign of is that the market\u2019s rebalancing<\/a> now that the number of homes for sale has grown<\/a>.<\/p>\n

Buyers have a bit more power again, and sellers know they can\u2019t name just any price and expect their house to sell. They either meet the market where it is, or face a price cut later. And in general, sellers would rather avoid <\/em>a price cut. As the New York Post<\/em> explains:<\/p>\n

\n

\u201cRather than swinging for the fences with pandemic-era price tags, sellers are increasingly coming to terms with a new reality. <\/em>The share of listings featuring price cuts actually fell to 17.5% in May, suggesting homeowners are doing their homework before putting up a \u201cFor Sale\u201d sign<\/em><\/strong> instead of chasing unrealistic numbers and cutting later.<\/em>\u201c<\/p>\n<\/blockquote>\n

This signals a broader change in the market.<\/p>\n

Seller expectations have been skewed a little high since the pandemic buying frenzy \u2013 you\u2019ve probably felt that firsthand. But now, things are starting to normalize. It could mean less back-and-forth to land on a fair number. And homes should be priced a bit more realistically from the start.<\/p>\n

Bottom Line<\/h3>\n

If affordability has been your top concern, the recent dip in prices is an opening. Connect with a local real estate agent to see what that looks like in your area.<\/p>\n<\/div>\n

The post Lower Asking Prices Are a Win for Today\u2019s Buyers<\/a> first appeared on Sandpoint Realty<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

If affordability has been the biggest thing standing between you and a home, there\u2019s a little good news.\u00a0 Asking prices have started to come down. The typical seller listed their house for a median of $429,500 in May. That\u2019s 2.4% lower than a year ago, according to Realtor.com. On its own, that won\u2019t transform what […]<\/p>\n","protected":false},"author":1,"featured_media":2674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sandpoint-real-estate"],"_links":{"self":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/2673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/comments?post=2673"}],"version-history":[{"count":0,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/2673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/media\/2674"}],"wp:attachment":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/media?parent=2673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/categories?post=2673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/tags?post=2673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}