It seems like a good time to be a buyer in this market as you have an increasing inventory pool and softening home prices. If you have the ability to buy now you should really think about doing so. How many people do you think are sat on the side lines waiting for mortgage rates that have a 5% handle? You’re not the only one and I think time will show that those who waited for low rates will lose out as they’ll end up paying higher prices and be unable to negotiate favorable terms like closing costs and inspection concessions. I wanted to add one more thing to this, ignore the date the rate marry the house advice, no one knows how long rates are going to be high, and a fed funds rate cut doesn’t mean automatically lower mortgage rates. So do what makes financial sense in the here and now always. 

If you’re a seller in this market then know that you can have a contract in 3-4 weeks if you’re priced right. The trick is pricing it right and doing everything you can in terms of proper preparation to give your listing the best chance possible on market. When you take into account inflation prices are actually falling here in Spokane currently so prices lower than comps might prevent an inevitable price cut and shorten your time on market. That being said, with the best preparation in the world cancelled contracts are common right now as buyers are more and more sensitive to things like negative inspection findings and are unwilling to meet half way.