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Is It A Real Estate Seller’s Market?

Jennifer Love Hewitt turns 44, and Corbin Blue 34. The job market is booming. Inflation is falling. Yet, if you asked your neighbor, the news about eggs and housing might get in the way… is it a real estate seller’s market?

  • Sellers are hard to find…
  • Active inventory for sale fell 1.5% this week
  • Nearly 6% fewer homes went pending this week
  • Mortgage rates ticked up to nearly 6.3% from 6.1%
  • The percentage of listings that have executed a price cut has dropped nearly 24%
  • Bottom line: buyers have fewer choices

Check out the latest stats in your area – click here –  and if you need a local area expert, I know a few around the country.

 

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Mark Johnson

Mark's passion and expertise is enabling real estate broker-owners and team leaders to create the systems, structure, and processes to support their growth. He also enjoys sharing his thoughts on business success on his blog: www.winningtheday.blog

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