For the past few years, the real estate market in the US has been a strong seller’s market. Thanks to the historic inventory shortage and intense competition for property, sellers were often unwilling to work with buyers with contingencies—and typically accepted the highest and most convenient offer on the table. But the market is starting to turn, and it looks like sellers are starting to be a bit more flexible.
According to recent data from Redfin, more sellers are now willing to accept offers from buyers with a home sale contingency than they have been in recent years (in February 2019, 7.1 percent of winning offers written by Redfin agents were contingent on the buyer selling their home—up from less than 5 percent the previous year).
The fact that sellers are becoming more flexible with the kinds of offers they’ll accept is just another sign the market is starting to shift towards buyers in 2019. So if you’ve been thinking about buying a home, now is a great time to make a move.