--- title: Homes for Sale Are Staying on the Market Longer Now, Giving Buyers More Bargaining Power description: Homes for sale in cities like Austin, Raleigh and Las Vegas are on the market longer before selling, giving buyers more bargaining power. authors: - name: Sarah Hansen role: Senior Writer url: https://money.com/author/sarah-hansen/ bio: Sarah Hansen is a senior writer at Money covering all things personal finance. Previously, she covered economic policy and capital markets on the breaking news desk at Forbes. education: Northwestern University, New York University at_money_since: 2021 articles: 347 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes social: - https://www.linkedin.com/in/sarah-m-hansen/ former_staff: true editors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Housing - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2023-03-06T18:38:46.000Z' modified: '2023-03-06T18:38:46.000Z' section: Housing tags: - News word_count: 417 canonical: https://money.com/homes-for-sale-on-market-longer/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Wide shot of gay couple walking into home for sale during open house](https://img.money.com/2023/03/Explainer-How-long-home-sells.jpg) Presented by ![](https://s3.consumersadvocate.org/prd/image/image/38138/a1d25ab8-422a-48d0-9bc7-c9801c2d423d.webp) Becoming a homeowner is closer than you think with AmeriSave Mortgage. Don't wait any longer, start your journey today! [Go to AmeriSave.com](https://money.com/pr/vfba9b7bee33?ap_referrer=%2Fhomes-for-sale-on-market-longer%2F) As the [housing market](https://money.com/housing-market-2023-expert-predictions/) continues to cool, homes aren’t selling nearly as quickly as they did during the pandemic real estate frenzy. The typical home spent 67 days on the market in February, according to [new data](https://www.realtor.com/research/february-2023-data/) from Realtor.com. That’s 23 days longer than in February 2022, but it’s still a few weeks less than typical homes spent on the market in the years leading up to the pandemic. Between 2017 and 2019, Realtor.com found that the typical home spent 87 days on the market in February. ## Want to buy a home this year? Lendingtree Mortgage can help ### Lock in a Mortgage Rate before you start shopping. Lendingtree Mortgage can make it possible. Click on your state today to find the rate that’s right for you. [View Rates](https://money.com/pr/e71aa882c4b0?ap_referrer=%2Fhomes-for-sale-on-market-longer%2F) Not all products are eligible. All loans are subject to credit approval. [Additional](https://www.amerisave.com/lock-shop/) terms & conditions apply. ## What the data shows The amount of time a home spends on the market varies significantly by location, Realtor.com’s data shows. In Columbus, Ohio, for instance, the typical home spent a median of 42 days on the market last month. A year ago, a typical home there sold within just 25 days. That's an increase of 17 days. Here are the cities where the time a typical home spent on the market rose the most in February compared to a year earlier: - Austin, Texas: +52 days - Raleigh, North Carolina: +51 days - Denver, Colorado: +42 days - Las Vegas, Nevada: +42 days It’s no coincidence the four cities above were some of the [hottest housing markets](https://money.com/cities-home-list-prices-dropped-most/) during the height of the pandemic. The typical home in the red-hot city of Austin sat on the market for 72 days before selling in February 2023, compared to just 20 days in the same month a year ago. In Hartford, Connecticut, on the other hand, the time a typical home spent on the market *decreased* by two days between last month and the same month last year. ## What the experts are saying Even though fewer homeowners than usual are putting their homes on the market this winter, Realtor.com chief economist Danielle Hale says there are significantly more homes for sale now than there were a year ago. In a [news release](https://news.move.com/2023-03-02-Realtor-com-R-February-Housing-Report-More-Choices-for-Buyers-as-Inventory-Recovery-Continues-at-Breakneck-Speed), Hale attributes that phenomenon to persistently [high home prices](https://money.com/housing-affordability-lowest-level-in-history/) and [high mortgage rates](https://money.com/current-mortgage-rates/), which are dampening demand from buyers, and suggests that sellers begin adjusting to this new market dynamic. "With a smaller pool of buyers today and more competition from other homes on the market, home sellers will likely need to adjust their price expectations in the market this spring,” she said. ## Take the first step to becoming a homeowner today ### Get a Mortgage Rate that works for you. Lendingtree Mortgage can help you get started with just a few clicks. Get started now by clicking below. [View Rates](https://money.com/pr/h08d66976da7?ap_referrer=%2Fhomes-for-sale-on-market-longer%2F) Not all products are eligible. All loans are subject to credit approval. 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