Thursday, September 29, 2022 / by Julie Winter-Paez
Today buyer activity is down and housing inventory is up. That's a big change from where we were last year, and it happened quickly. Active listings, or homes available for sale, have increased more than 26% compared to this time last year. At the same time, buyer demand, also known as those showings, has decreased almost 17%. And we call this 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. Today the market looks very different as those two factors undergo a shift.
So what's the bottom line for you? You need an expert on your side now more than ever, and I can help you understand what's happening in the housing market today and what that means for you and your plans going forward. Give us a call and have a fantastic day.