The market is changing. The past two years have seen a continual decrease in inventory with sky high prices. But the Covid-era market is beginning to cool just a bit.
The good news is that the market should be able to handle this. Inventory is drastically lower from even just one year ago. Average sales prices are up $300K to $600K from a year ago.
People will always have a reason to buy and sell. First time homebuyers who were once priced out of the market may return. Empty nesters can purchase their single story house and then sell their home with stairs.
All of this and we haven’t even mentioned that in a “normal” market, summer typically marks the beginning of a seasonal slow down! Unsure how the changes in the real estate market affect you? Contact us today for a free property evaluation!
