More Listings!
We saw a rise in the net number of listings available last month. It has been pretty steady all year in the mid 7000s. It finally broke 8000 for the first time in 9 months.
What does that mean?
More listings is not a bad thing in general. We have needed more listings for a long while! But this coupled with the declining number of sales and pending sales all add to the thought that we are entering a shifting market.
A shifting market isn’t necessarily a crash or huge recession. It just means days on market are longer, prices may drop a bit, and the buyers will begin to have more leverage in negotiations. So if you are homeowner thinking of selling, sooner rather than later is probably best.
Download the PDF to learn more about selling this holiday season.
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