October Market Update
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October Month Of Inventory
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 ReadingSeptember Month of Inventory
The 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 ReadingAugust Month of Inventory
In 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 ...
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