We are seeing continued inventory growth, and have the highest September levels since 2013. Even with softening interest rates, this many choices leaves buyers with little urgency, and they are still watching and waiting to enter the market.
We believe inventory totals will decrease over the fall and winter. At the same time, interest rates continue to lower during the same period and this will trigger buyers to enter the market when the rates get into the 5’s.
It is a unique time, as typically buyer demand shrinks during the fall and winter, but the rates and potential lower inventory will most certainly bring them back to the market.
If you are considering entering the market as a buyer or seller, let me help you with the ideal time to meet your real estate goals!