May saw a noticeable dip in the number of properties sold, highlighting a shift in momentum within the market. With more listings becoming available and fewer transactions taking place, we’re clearly seeing the signs of a buyer’s market. What does this mean for you? If you’re thinking of buying, now ...
Continue ReadingIn April, the real estate market broadly transitioned into what is considered a buyer’s market. This shift is reflected in the average Months of Inventory (MOI) hovering around four months across multiple regions and property types. An MOI of four indicates that, at the current pace of sales, it would ...
Continue ReadingMarch’s market data revealed a notable increase in the average months of inventory, signaling a clear shift in market dynamics. This upward trend suggests that homes are staying on the market longer, providing buyers with more options and greater negotiating power. As inventory levels rise, competition among sellers intensifies, creating ...
Continue ReadingFebruary’s sales, on average, were relatively low, signaling a potential shift toward a buyer’s market. This decline in sales suggests that demand may have softened, giving buyers more leverage in negotiations. As a result, many cities experienced a dip in home prices compared to the previous month’s sale prices. This ...
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