How to Tell if Your Market Is Heating up or Cooling Down

Study seasonal trends to understand when buyers or renters gain more negotiating power.
Check neighborhood-level comps to see if local conditions differ from overall market trends.
Assess time on market; longer-than-average listings can signal softening demand.
Consult multiple local agents for early insights on buyer traffic and seller incentives.
Watch for changes in seller behavior, like price cuts or concessions, indicating a cooling market.