1005 ET - Sellers took a step back from the housing market in August in response to slow demand from cash-strapped home shoppers, according to Zillow. Buyers still in the market have plenty of opportunity, especially in areas seeing inventory hold strong, Zillow says. But competitive momentum that has been swinging fast in buyers' favor in recent months is showing signs of stopping nationwide. Buyers' leverage is easing as many sellers put their plans to list on hold, according to Zillow. High housing costs continue to sideline many prospective buyers, making it easier for those still in the hunt. Home value appreciation has slowed to a standstill. Listings are taking longer to sell, too. The typical home sold in August took 27 days to find a buyer -- a full week longer than last year and one day longer than pre-pandemic norms, Zillow says. (chris.wack@wsj.com)

(END) Dow Jones Newswires

September 16, 2025 10:05 ET (14:05 GMT)

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