Read previewAfter years of sellers calling the shots in the real-estate market, the balance may finally be tipping towards homebuyers in some US cities.
But with fewer prospective buyers in the market for homes, home prices are now declining in several cities across the US.
Related storiesThe trend, has led many sellers to lower their prices — though prices still remain significantly higher than a decade ago.
As homes linger on the market, sellers are reducing their prices to draw buyers, she added.
"It's definitely a buyers' market right now," Boatright said.
Persons:
—, Nicole Marburger, Austin, Marburger, homebuyers, Sellers, San Antonio —, Mercy, Boatright, I've
Organizations:
Service, homebuyers, Business, National Association of Realtors, Lone Star State, Austin, Austin and New Braunfels, Real, Hunters
Locations:
United States, San Antonio, New Braunfels, — New Braunfels, Austin, Austin and New, Texas, Braunfels, homebuyers
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