Buyers vied for properties in high demand but low supply — forcing them to act quickly and pay top dollar, making all-cash bids or offering tens of thousands over asking price. "When we're able to see some overall economic correction or predictability, coupled with sellers starting to realize that they can't ask these astronomical prices, I think we're going to see a more evening of buying power, where sellers and buyers have more equal power," Ngo said. Tips for sellers in cooling market Price your home reasonably from the start: In the hot market seen earlier this year, sellers benefitted from the high demand and little supply by listing properties higher than value.