At Keyfinders Team Realty we review, analyze and interpret the market trends daily to better represent our clients. While the sales for October were down by 25% over last year, we have to consider last year: pent up demand, low inventory, low interest rates ... the perfect storm for a robust market. Today the market is leveling out due to current economic conditions ... but that is not a bad thing. Inventory is up, but still only providing a 4 month supply of homes, which is below the balanced market of 6 months inventory. It is still a seller's market. And houses are going under contract regardless of economic conditions and interest rates when they are in the right price point and in the best condition. If this market is baffling you, give you us a call and we can help. Just in from one of our preferred lenders: Good News! Inflation numbers came back better than anticipated and rates have seen a nice improvement so far. Hopefully, this continues!
