Real estate market conditions shift as homebuyers lose edge and prices remain flat.

Homebuyers are facing a frustrating housing market this spring as inventory levels remain low and fewer homeowners are listing their houses for sale. Despite somewhat softer mortgage rates, buyers are finding far fewer options and little room to negotiate, as demand exceeds supply. A growing share of homeowners are deciding against listing their house for sale, adding to inventory woes for buyers. Builders have been behind the demand curve for new home construction for years, and opportunities to negotiate are fading as sellers regain their edge.