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Even compared to previous downturns, the current market is uniquely challenging: inventory is up, homes are sitting longer, but affordability is still out of reach for many buyers due to persistently high mortgage rates and economic uncertainty. We’ve got more listings than we’ve seen in years, but demand just isn’t keeping pace—buyers are cautious, and many are simply priced out or waiting on the sidelines. In past slowdowns, either rates dropped or pent-up demand kicked in, but this time both buyers and sellers seem stuck, leading to a market that feels more stagnant than ever