First Federal Bank Blog

From Frenzy to Breathing Room: Buyers Finally Have Time Again

Written by First Federal Bank | Aug 29, 2025 8:40:00 PM

If you tried to buy a home a few years ago, you probably still remember the frenzy. Homes were listed one day and gone the next. Sometimes it only took hours. You had to drop everything to go and see the house, and if you hesitated even slightly, someone else swooped in and bought it – sometimes even sight unseen.

That kind of intensity pushed a lot of buyers to the sidelines. It was stressful, chaotic, and for many, really discouraging.

But here’s what you need to know: the market pace has slowed compared to recent years.

Today’s market is moving slower, in the best possible way. This may create more opportunities for buyers who previously felt shut out.

The Stat That Changes Everything

According to the latest data, homes are spending an average of 58 days on the market. That’s much more normal. And it’s a big improvement compared to the height of the pandemic, when homes were flying off the shelves in a matter of days (see graph below):

 Source: Realtor.com, Median Days on Market, July 2025

That means you now have more time to make decisions than you have at any point in the past five years. And that’s a big deal. Now, you’ve got:

Time to think.

Time to negotiate.

Time to make a smart move without all the pressure.

More Time Means Less Stress (and More Leverage)

Based on the data in the graph above, you may have more time to decide compared to last year – in some cases nearly double. 

Back then, fear of missing out drove buyers to act fast, sometimes too fast. Today, the pace is slower, which means you have more control. As Bankrate puts it:

“For years, buyers have been racing to snag homes because of the fierce competition. But the market’s cooled off a bit now, and that gives buyers some breathing room. Homes are staying listed longer, so buyers can slow down, weigh their options and make more confident decisions.”

With more homes on the market and fewer buyers racing to grab them, the balance has shifted. Bidding wars aren’t as common, and that means you may have room to negotiate. And you can actually take a breath before you make your decision.

More listings + a slower pace = less stress and more opportunity

But, it still depends on where you’re buying. Nationally, homes are moving slower. But your local market sets your actual pace. Some states are moving faster than others. It may even vary down to the specific zip code or neighborhood you’re looking at. And that’s why working with an agent to know what’s happening in your area is more important than ever. 

To see how your state compares to the national average (58 days), check out the map below:

Source: Realtor.com, Median Days on the Market, July 2025

As Realtor.com explains:

While national headlines might suggest a buyer’s market is taking hold, the reality on the ground depends heavily on where and what you’re trying to buy. Local trends can diverge sharply from national averages, especially when you factor in price range, property type, and post-pandemic market dynamics.”

A local loan officer can tell you exactly when to move fast and when you can take your time, so you never miss the right home for you.

Bottom Line

If the past few years made you hesitate to buy, current market trends may provide more breathing room. The market’s pace has shifted. Buyers may have more time and more options than in recent years.

And with a First Federal Bank Loan Officer guiding you, you’ll be in a stronger position to understand your options.