North Dakota Buyer's Markets

Understanding Buyer's Markets in North Dakota

North Dakota currently has 1 buyer's markets—cities where housing inventory exceeds 6 months. In these markets, buyers typically have more negotiating power, can take their time making decisions, and may be able to purchase below asking price.

What Makes a Good Buyer's Market?

• High inventory (6+ months supply): More homes than active buyers
• Longer days on market: Sellers are more motivated to negotiate
• Sale prices below list: Homes often sell under asking
• Price stability or decline: Less upward pressure on prices