Buyers have more negotiating power in certain segments of the residential real estate market. This is due to a greater number of available properties, which gives them more options. As a result, properties are taking longer to sell, allowing buyers to be more selective.

A notable difference exists between the higher and lower ends of the market. At the higher end, demand is strong, but supply is limited. Further details on the current state of the market are available, including insights from industry executives such as Daniel Berman, who discussed the dynamics at play in the market.