What's Going On with this Market?

What's going on with this market?

As you know, the last few years have been a competitive seller's market.

But recent data indicates that the housing market might be moving toward a more balanced state where neither buyers nor sellers have the upper hand.

Here are the trends we're keeping an eye on:

-Inventory is growing
-Interest rates are lowering
-Homes are beginning to sit on the market longer
-In some instances, sellers are receiving fewer offer

It's important to note that all of this is happening on a national level. Local market variation and economic factors will vary.

The takeaway? The market is moving towards balance. Don’t hesitate to reach out - we’d love to chat about how the market is looking in your area!