Home prices are falling due to high inventory—see what this means for you.

Have you noticed more price drops on homes in Bryan-College Station? While the national news talks about a housing shortage, that’s not the case here. We have the opposite problem—too many homes for sale. This oversupply is shifting the market, creating new opportunities for buyers and challenges for sellers. If you’re planning to buy or sell, here’s what you need to know.

New developments are popping up all over Bryan-College Station, adding more homes to the market than there are buyers. As a result, inventory has nearly doubled in Bryan, reaching about five months of available homes. In College Station, it has jumped by 50%, now sitting at three months. With more options available, buyers no longer feel the pressure to act quickly. Unlike the fast-paced market of 2020-2021, they can now take their time, explore their options, and negotiate better deals.

“Sellers need to adjust their expectations, while buyers have more power than before.”

If you’re a buyer, now is a great time to shop. With plenty of homes available, you can take your time and negotiate better deals. New construction homes are also competing with resale homes by offering incentives and price cuts. Sellers are more motivated, and this gives buyers more room to negotiate.

For sellers, overpricing is a big risk. Many homeowners still have 2020-2021 expectations, where homes are sold quickly and often above asking price. But today’s market is different. If a home is priced too high, it may sit on the market for months while buyers move on to better deals.

To sell successfully in this market, pricing correctly from the start is key. Buyers have too many options to settle for an overpriced home. Setting a competitive price will help attract interest and ensure a quicker sale.

The housing market in Bryan-College Station is no longer what it was a few years ago. Sellers need to adjust expectations, and buyers have more power than before. Understanding these shifts will help you make the right move. If you’re thinking about buying or selling, let’s talk. Call 979-325-2134 or email [email protected] to get expert advice and take advantage of today’s market. We’re here to help!