Private listings can limit buyers' access to homes by restricting visibility and availability, potentially favoring sellers who prefer discretion or exclusive marketing strategies.

Declining mortgage rates can make homes more affordable for buyers, encouraging them to enter the market. However, rates remain relatively high, and affordability challenges persist due to rising home prices.

Areas like Florida and Texas are experiencing corrections due to rapid price increases followed by slowing growth. This shift impacts both buyers and sellers, as it adjusts market dynamics and potentially leads to more balanced conditions.

New inventory, particularly from new construction, is expected to increase in 2025. This growth could help balance the market, though it may not be enough to shift from a seller's market to a buyer's market in most areas.