This month’s numbers confirm the market is indeed tapering, though not dramatically.
Number of Sales and Median Price were generally down, while Days on Market and Months Inventory were generally up. It’s still very much a seller’s market, but as inventory ticks upward and prices pull back a bit, the frenzied environment of the past year should be a smidge calmer for both buyers and sellers in the near term.
Reach out to me if you’d like to know more about our strategies to help both buyers and sellers navigate this changing market.
** You’ll notice below that I’ve altered the graph and data structure. I did this to better visually represent the shifts in the market from month-to-month.
Click HERE for detailed Real Estate Watch statistics.
Data summarized from – The Beacon Report