Active listings topped 1.1 million in July—up 24.8% year over year—while the typical home spent 58 days on market. Inventory has risen for 21 straight months, with the South and West cooling faster than the Northeast and Midwest. Here’s how buyers and sellers can adjust pricing, negotiations, and timelines to today’s shifting conditions.

As mortgage rates remain between 6% and 7%, the real estate market in the U.S. is shifting. Investors are now driving nearly 30% of home purchases, often outpacing traditional buyers. With rates unlikely to fall soon, buyers and sellers alike must rethink their strategies to remain competitive in this increasingly investor-dominated environment.