Just a few years ago, buyers were putting in offers tens of thousands over asking — sight unseen, bidding wars, waived inspections, all of it. But as CBS News reported this week, the red-hot national housing market is finally showing signs of cooling… and that might be the best news we’ve heard in a while.
Because while it’s true that the seller’s market isn’t what it was, we’re entering a more balanced phase. And in real estate? Balance = opportunity.
So, What’s Actually Happening?
According to CBS’s Ally Bowman, 2025 is shaping up to be the slowest housing market in over 25 years. That’s not hype — that’s data.
Sales activity is down 7% compared to this time last year.
Homes are sitting longer. Buyers are taking their time.
Mortgage rates are hovering around 7%, creating affordability challenges.
And sellers? They’re finally having to negotiate again.
As Realtor Lette Sinhart shared in the segment: inspections are back in play, concessions are on the table, and sellers are having to adjust their expectations — fast.
What the Experts Are Saying
Financial analyst Meredith Whitney described the market as “gummed up.”
Translation? Inventory’s up. Rates are up. But buyers are cautious — and that’s stalling movement in a lot of cities.
But not all of that is bad.
Logan Moashami of HousingWire puts it perfectly:
“It’s been so long since buyers have had a market like this, where the odds weren’t 100% against them.”
Why This Is Good News (Especially in Las Vegas)
Here in Las Vegas, we’re seeing many of the same trends:
Homes are sitting longer, especially in higher price points.
Buyers are asking questions, pushing back on price, and regaining leverage.
Sellers are starting to offer real concessions — closing costs, rate buydowns, even builder incentives in the new construction space.
If you’re a buyer who felt defeated over the past few years? This is your moment to re-engage.
If you’re a seller? It’s time to get strategic — not scared. Properties are still selling, but pricing, presentation, and a smart plan are everything in this kind of market.
My Take as a Vegas Insider
I’ve been in real estate here in Las Vegas for nearly 20 years. I’ve seen this market up, down, and everywhere in between — and I can tell you with total confidence: we’re in a shifting moment, not a crash.
It’s not doom and gloom. It’s a reality check.
Sellers have to show real value.
Buyers are finally catching a breath.
And those who work with a sharp, connected agent (hi 
) are going to come out ahead.
Thinking About Making a Move?
Whether you’re looking to downsize, relocate, or just find your next chapter, let’s talk. I’ll help you navigate this market with strategy, confidence, and a clear plan — no pressure, no guessing.
Message me today or book a private consult.
And if you missed the full CBS video, you can watch it here.