Declining Sales, Growing Inventory Continue to Move in Direction of Buyer’s MarketHappy Spring everyone!I love this time of year (minus the pollen). The weather is changing and so is the
December Market Report
I hope your holiday season has been joyful so far. If you've been wishing for a more balanced housing market, you might be slowly getting what you’re looking for according to the RE/MAX National Housing Report.
Here are three key takeaways from this month’s report:
1.)Year-Over-Year home sales dropped 4.6% in October - that’s the third month in a row.
2.)Inventory increased for the first time in a decade according to the housing report.
3.) Sales prices in October were one of the lowest increases in 2018.
All of this points to better news for buyers this holiday season as the “market moves towards equilibrium” according to Adam Contos, CEO of RE/MAX. If you have a moved planned for the holiday season or want to start preparing for a move in 2019, I’d be happy to meet with you to talk about what you can do now to help begin the process.
I hope you have a wonderful holiday season.