April Market Update
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April Month of Inventory
In 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 Month of Inventory
March’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 ...
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