The real estate market IS changing and SHIFTING
We talk often or asked often about how is the market? Is it going to correct? Is it going to crash? Will it continue to just go up and up and up? If I know the answers to that I would not be doing this blog! HAHAHAHAHAHA. I have to tell you though, after 30 years of doing this I have seen a few things. Lets talk about something I see NOW.
- Lots of open house —-Not necessarily a bad thing but DIFFERENT when the market is selling right away. Open houses were not needed because the homes sell so fast.
- More homes on the market. The inventory is still low BUT in an area I work there are over 120 more AVAILABLE homes than this same time last year.
- Price adjustments—You are seeing a lot more homes reduce their prices and reduce them in shorter market times meaning they may be on the market only a couple of weeks and reducing prices.
For more stuff check out the video. Interesting stuff.