Wow that’s a growing inventory. Wow that’s a dropping home sales count. What does this real estate company have to say?
For buyers, if you’re an investor, this is not the market to be in. But, I suspect you are already out of this market. If you are a buyer planning to stay in your home for over five years, go ahead and buy. Although prices are still increasing, the rate of increase has slowed quite a bit. There’s a good deal of inventory, so there’s no need to be frantic. For sellers, right now it is all about the pricing. Price it right and your home will sell. Also, make sure it shows well. Buyers are looking for fairly priced homes, if not bargains. The question is how do you make your home a bargain, or at least look like a bargain, to attract many buyers and offers.
Some more stats:
Pretty interesting numbers. What’s your take?