Here’s what you need to know about our changing housing market.
As you probably know by now, our housing market has been changing dramatically over the last couple of months. For a while, home sales were decreasing, inventory was rising, and interest rates just kept going up. Now that we’re in the middle of November, things have settled down a little bit. Where is our housing market at now, and what does it mean for you?
You can listen to my full answer in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:32 — Active inventory compared over the last few years
1:37 — Demand compared over the last few years
2:14 — Interest rates have settled down
2:58 — How long are homes taking to sell?
3:47 — What experts say about price reductions
4:55 — An example of why pricing high out of the gates doesn’t work
6:15 — How home sellers can prepare their houses for the market
7:20 — Wrapping up
If you have questions about today’s topic or anything else, please call or email me. I am always willing to help!
