The latest news about the real estate market this holiday season.
Happy holidays! Thank you for putting your trust in our team. I also want to give you a quick update on what’s happening in the market. There are so many doom and gloom headlines. While they might reflect some parts of the country, real estate markets are very local. Even from one city to another nearby, there can be vast differences.
Right now, homes are still selling, however, the supply of available houses is still low. We have half a month of active inventory. Even if you include the listings with accepted offers, we still only have one month’s supply. A balanced market would have about six months of inventory, so this is still a seller’s market. If you’re a buyer right now, you’ll benefit from not much competition. Only serious buyers want to go look at houses when the weather is like this.
This may be a busy time of year, but we are always here to help you and answer any questions you may have. Give us a call or reply to this email; we’d love to help you. In case we don’t hear from you until 2023, have a happy New Year!