August Market Update
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August Month Of Inventory
In August, inventory numbers showed a noticeable decrease in Months of Inventory (MOI). This decline indicates that more homes were successfully sold compared to the number of active listings carrying over into the next month. A lower MOI is often a sign of stronger buyer activity, suggesting that demand for ...
Continue ReadingJuly Month Of Invetory
July’s month of inventory numbers have confirmed that the real estate market has firmly shifted into a buyers’ market. With inventory levels continuing to rise, there is now a greater selection of homes available, giving buyers more negotiating power and flexibility in their purchasing decisions. On average, property prices have ...
Continue ReadingJune Month of Inventory
June’s inventory data clearly indicates that we’ve transitioned into a buyer’s market. On average, there are now approximately four months of housing inventory available, which suggests that buyers have more options to choose from and less competition when making offers. This shift in market conditions may result in more negotiating ...
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