Taking a look at recent changes and where the housing market is headed.
Lately, everyone’s been asking me where the housing market is headed. Here’s a look at the changes we’re seeing as the market shifts away from the frenzy of last year:
Buyer activity is down, and housing inventory is up. That’s a big change from where we were last year, and it happened very quickly. Active listings available for sale have increased more than 26% compared to this time last year. At the same time, buyer demand and showings have decreased by almost 17%. This is an inflection point. Over the past two years, we saw a massive amount of demand and not enough homes available for the number of people who wanted to buy them. Today, the market looks very different as those two factors undergo a shift.
So what’s the bottom line? You need an expert on your side now more than ever. I can help you understand what’s happening in the housing market today and what that means for you and your plans going forward. Don’t hesitate to reach out to me by phone, text, or email. I am standing by to help.
