The U.S. housing market in 2025 is witnessing a marked slowdown, with a 14.1% increase in homes listed for sale nationwide in May compared to earlier in the year, and a 17.8% rise from May 2024, reaching the highest inventory levels since the Great Recession. However, homes are not selling quickly, with over half (53.5%) selling below asking price, as reported by Redfin. This trend is largely due to elevated mortgage rates and stretched affordability, which have significantly cooled buyer activity.
Elana Newman, co-founder of 3 Step Home Sale, highlights the difficulties sellers face today, including increased competition, slower offers, and greater uncertainty. The company, specializing in as-is cash offers, seeks to reduce these pressures by offering a quick and straightforward selling process. Their unique 3-step process can provide a cash offer in as little as 30 minutes and facilitate closings in as few as 7 days, presenting an alternative to the often protracted traditional home selling process.
To further aid sellers, 3 Step Home Sale has launched the 7-Day Flex Stay™ program, permitting sellers to stay in their home for up to one week after closing. This program tackles the frequent problem of delayed access to sale proceeds, giving families extra time to move without haste. The current market dynamics and innovative solutions such as those from 3 Step Home Sale underscore the changing challenges and prospects within the U.S. housing market.
