The need to pay over the list price has diminished a bit, but about a third of buyers who closed last month still felt like it was worth paying more than the sellers were asking.

Last month looked a lot like June, 2022! There were 24% fewer sales however, and that trend should continue through the rest of 2023:

There were 20% fewer listings YoY last month, so with virtually all of the current active listings holding out on price and very little new product to consider, the fate of the 2H23 market will be back to the buyers – how bad do you need to buy a house right now, versus waiting for Spring 2024?