@ruthbenvenuto183: Housing Data Gives Buyers More Leverage The latest housing data is giving buyers in Gardnerville and beyond a clearer edge in negotiations. Around 21% of active listings saw price cuts in late Q3, and inventory reached over 1.16 million homes—bringing us within about 9% of where we were before the pandemic. With higher mortgage costs still weighing on affordability, buyers remain cautious: homes under contract dropped about 4% year-over-year for the second month in a row. The national median list price now stands at roughly $419,000, down about 1% both month-over-month and year-over-year. We’ve seen nearly a full year—11 months—of annual price declines, with price per square foot also sliding by 2%. Sellers are staying in the game, with about 6% of listings delisted (holding steady with last year), but more owners are making price reductions and opening the door for negotiation. This is a market that calls for clear-eyed confidence, whether you’re a first-time buyer, a growing family, or planning your next investment move. The next key question: Will these price cuts translate into more signed contracts, or will increased supply and continued buyer caution keep us in this period of adjustment? As always, understanding how these shifts play out locally is the key to making your next move with confidence.

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