A big change has happened in the last 30 days. Buyers have pulled back participating in large bidding wars and we are seeing a lot less activity on certain products as a result of a massive flood of listings coming to market. Inventory naturally slows down the market as buyers have way more opportunity to look around. Many buyers have been priced out as well and have taken a seat on the sidelines to see what happens in the near future.
Certain products have been active and other things have really slowed down.
We find houses with suites which directly affected a buyers ability to have more manageable payments continues to be a popular transition.
As well townhouses that are larger in size which for a lot of buyers are the “new home” continues to surge in prices.
Certainly having our fingers on the pulse and being on the front lines we have noticed a drastic market slow down into a more normal market.
If you have any questions about the Real Estate market we are here to help you anytime!
Ty, Dan, Devin & Diane