Are We Moving Toward a Balanced Market?
The real estate market is shifting! With growing inventory, we’re inching closer to a balanced market where neither buyers nor sellers hold all the power. Here’s what you need to know.
What’s a Balanced Market?
A balanced market typically means a 5-7 month supply of homes for sale, where prices stabilize and both buyers and sellers have equal opportunities. We’re not quite there yet, but inventory is on the rise, moving us closer to this sweet spot.
Current Market Trends
- More Homes on the Market: Inventory has increased, meaning homes are sitting longer. As a buyer, you have more choices. As a seller, pricing right is crucial!
- Fewer Offers per Listing: Sellers may need to be more flexible, while buyers face less intense competition.
- Buyers Have More Leverage: With more inventory, buyers are now less likely to waive inspections, giving them more negotiation power.
Why It Matters
Navigating a changing market can be tricky. That’s why having a local expert by your side is key. I’ve got the latest insights to help you understand what’s happening in our area specifically, so you can make the best decision whether you’re buying or selling.
Let’s Chat!
If you’re considering a move, don’t go it alone. Contact me for a personalized market analysis and guidance tailored to your needs. Follow me for more updates, and let’s turn this shift into your advantage!
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Ready to make your move? Get in touch today!
