Balancing Market Remains Strong Despite Low Inventory
Posted by Boulevard Realty on
- For Late September 2022 -
Balancing Market Remains Strong Despite Low Inventory
- Sales are lower than in 2021, but when compared to a normal year (2019), they’re still up
- Prices are steadily increasing as inventory remains historically low
- Interest rates have risen to 6.75% and we don’t expect them to drop anytime soon
- Those with low interest rates are staying put so there are fewer homes available
- Sellers: Less inventory than in normal times, so still a great time to sell
- Buyers: It’s a better time to buy as the market continues to balance
As we enter the fall selling season, our market continues to balance. While headlines may be focused on how single-family home sales are down compared to the unprecedented sales…
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