On average, December’s numbers reveal an improved sold-to-active listing ratio, indicating that less inventory is being carried over into the next month. This shift is accompanied by an increase in property values compared to the previous month, which can be attributed to the recent decrease in mortgage rates. The lower ...
Continue ReadingIn November, there was a noticeable increase in the number of active listings on the market, which played a key role in shifting the overall inventory levels. As a result, these higher levels of available properties brought the market closer to a more balanced state. In some areas, this uptick ...
Continue ReadingIn 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, ...
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