Our market is slowing down, and here are the stats that show us why.
Is the market starting to crack? We are starting to see some pretty big changes in our market. Over the last few years, homes have been appreciating 20% to 30% year over year, which is pretty extreme. Buyers have been looking for any sort of relief, and I think we’re starting to see the market decelerate. We’re not seeing a crash or a drop; it’s just slowing down, and there are some key indicators that tell us about this change.
You can watch the full video above or skip to each section using the timestamps provided:
0:00 — Introducing today’s topic
0:49 — Our inventory is low, but we’re starting to see more homes
2:05 — Our low rates have climbed nearly 2%
3:46 — Buyers are questioning whether or not they want to buy
4:39 — My advice for buyers and sellers
6:14 — Wrapping up
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