Good Birth of a Nation Week to you! Who’s ready for some family, friends & fireworks?
On the real estate front we are seeing a -9.96% decrease in new listings this week compared to last yet when calculating our absorption rate (Months of Inventory) we are seeing a 22.48% increase over last week’s number. What does that mean? It means fewer houses are coming to market and existing inventory is taking longer to sell.
The positive in this news is for buyers. Though they have less to choose from they have breathing room to make their decisions. For sellers the positive news for you is obvious, buyers have less to choose from but it will require some patience as buyers are taking their time in these times to make a decision.
Curious about what we are seeing in your neighborhood? Reach out to me, I’m here for you.