Found 166 blog entries tagged as Sellers.

 

Big headline this week:
Mortgage rates have dipped below 6% for the first time in a while.

Now before this turns into banker math and spreadsheets, let’s talk about what this actually means from a real estate agent’s perspective — especially here in Brookings, South Dakota.

At Home Team 605 pwrd by Krogman & Company Real Estate, we don’t just watch rate charts. We watch behavior. And when rates shift, buyer behavior shifts with it.

Why a Sub-6% Mortgage Rate Matters

Even a small drop in mortgage rates can change the tone of the market.

Here’s what we typically see when rates dip:

  • Buyers who were “waiting” start scheduling showings

  • Pre-approvals get updated

  • Conversations turn from “maybe later” to “let’s…

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If you’ve been watching the Brookings real estate market lately, you may have noticed something:

More homes are showing price reductions.

Before anyone panics, let’s slow that down.

A price reduction does not automatically mean something is wrong with the home. In today’s shifting housing market, it often means something very different.

At Home Team 605 pwrd by Krogman & Company Real Estate, we’re having this conversation almost daily, so let’s break it down.

Why Are Price Reductions Happening More Often in 2026?

Over the past few years, homes were selling quickly, sometimes with multiple offers. Sellers could test higher prices and still see strong activity.

Now, the market has normalized.

That means:

  • Buyers are…

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Who doesn’t love a top 10 list? Well, here are two top 10 lists for the housing market this year. But before you take a look, there’s something you should know.

If a move is on your radar for 2026, here’s the most important thing you need to understand upfront: there isn’t one housing market this year – there are many.

Experts agree 2026 is shaping up to be one of the most geographically split housing markets in years. Some areas are tilting in favor of sellers, while others are opening real doors for buyers. Who has the advantage depends almost entirely on where you are. Selma Hepp, Chief Economist at Cotality, puts it this way:

“Looking ahead to 2026, regional differences will remain pronounced, with demand favoring areas that offer…

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When most people look at a home for sale, the first thing they notice is the price. Makes sense. But in today’s real estate market, there’s another number that may tell you even more about a property than the price itself:

Days on Market (DOM).

At Home Team 605, we’re having more conversations than ever about what days on market really means — and how buyers and sellers should be using it to their advantage.

What Is “Days on Market,” Really?

Days on market simply refers to how long a home has been listed for sale before going under contract. But what it signals can vary depending on market conditions.

In a fast-paced seller’s market, low DOM often means strong demand.
In a more balanced market, higher DOM doesn’t…

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Want to know the #1 thing homeowners regret when they sell without an agent? It’s that they didn’t price their house correctly for their current market.

According to the latest data from the National Association of Realtors (NAR), those sellers agree pricing their home effectively was the hardest part of the process.

Top 5 Most Difficult Task for Sellers Who Didn’t Use an Agent:

  1. Getting the price right
  2. Preparing or fixing up the house
  3. Selling within the desired time frame
  4. Handling all the legal documents
  5. Finding the time to manage all aspects of the sale

And that makes sense. Pricing isn’t as simple as picking a number from an online estimate or copying what your neighbor got last year. It takes real insight into:

    …

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Want to know how to find the best deal possible in today’s housing market? Here’s the secret. Focus on homes that have been sitting on the market for a while.

Because when a listing lingers, sellers tend to get more realistic – and, more willing to negotiate. And that’s where the savviest buyers are finding homes other buyers overlook.

The Opportunity: 1 in 5 Homes Has Had a Price Cut This Year

According to Realtor.com, about 1 in every 5 listings (20.2%) have dropped their asking price at least once. And while so many things in today’s housing market vary by region, that number is consistent throughout the country. That tells you one thing...

No matter where you live, there’s a chance to score a better deal. You just need to know…

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After several years of high mortgage rates and hesitation from buyers, momentum is quietly building beneath the surface of the housing market. Sellers are reappearing. Buyers are re-engaging. And for the first time in what feels like forever, there’s movement happening again.

No, it’s not a surge. But it is a shift – and it’s one that could set the stage for a stronger year in 2026.

So, what’s driving the comeback? Here are three big trends that are slowly breathing life back into the housing market right now.

1. Mortgage Rates Have Been Coming Down

Mortgage rates are always going to have their ups and downs – that's just how rates work. Especially with the general economic uncertainty right now, some volatility is to be expected.…

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A lot of buyers are stuck in “wait and see” mode right now. They’re watching rates hover a little above 6% and thinking, I’ll buy once they hit the 5s. Because who doesn’t want a better rate?

But here’s the thing: that 5.99% number might not save you as much as you think.

Affordability is still a challenge. There’s no question about that. But the market has given savvy buyers a head start. Mortgage rates have already come down over the past few months. And the drop we’ve seen saves you more than you’d think.

How Much You’ve Already Saved, Without Realizing It

Let's put some real numbers to it. Rates peaked for the year in May when they inched above 7%. But since then, they’ve been slowly declining. Now, they’re sitting in the low 6s.…

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If there was one simple step that could help make your home sale a seamless process, wouldn't you want to know about it?

There’s a lot that happens from the time your house goes under contract to closing day. And a few things still have to go right for the deal to go through. But here’s what a lot of sellers may not know.

There's one part of the process where some homeowners are hitting a road bump that’s causing buyers to back out these days. But don’t worry. The majority of these snags are completely avoidable, especially when you understand what’s causing them and how to be proactive.

That’s where a great agent (and a little prep) can make all the difference.

What’s Causing Some Buyers To Back Out

The latest data from Redfin…

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There’s a new divide in housing right now. In some states, buyers are gaining ground. In others, sellers still have the upper hand. It all depends on where you live. Curious what's happening in your state?

These 3 maps show how the split is playing out across the country. In each one:

  • Darker Shades of Blue = Buyer friendly
  • Lighter Shades of Blue = Seller strong

Inventory Sets the Stage

While the number of homes for sale has improved pretty much across the board, how much growth we’ve seen can look dramatically different based on where you live. And that impacts who has the leverage today.

This map uses data from Realtor.com to break it down:

  • The darker shades of blue show where inventory has risen more than in other…

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