In October, we noted a significant shift in market dynamics, resulting in a balanced market where the number of buyers and sellers was roughly equal. This equilibrium was likely influenced by widespread anticipation of a potential rate drop, prompting both buyers and sellers to adopt a cautious approach. Buyers seemed ...
Continue ReadingThe inventory numbers for September have just been released, and the data indicates a significant shift in the real estate landscape. On average, we are now experiencing what can be classified as a buyer’s market. This transition means that potential buyers have a greater selection of properties to choose from, ...
Continue ReadingIn August, the data on the month of inventory levels revealed a market that was, on average, approaching a balanced state. However, the numbers were also trending very close to what would be considered a buyer’s market. This indicates that while the overall inventory levels were moving towards equilibrium—where supply ...
Continue ReadingJuly Inventory numbers are in. On average we are seeing properties sitting on the market longer, as we are in a balanced market/buyers market. ...
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