The spring/early summer real estate market is in full swing and for the first time in a long time, I’m starting to detect a shift.
I’m not entirely sure if the shift is back to a more balanced market or if it’s just a temporary slowdown due to a lack of inventory. I believe it is likely a temporary slowdown, with a real slowdown likely to happen in the 3rd and 4th quarters of the year. The reason is simply supply and demand. The supply has been super low for the past few years and prices have steadily risen. That, in conjunction with the environment of rising interest rates, is pushing affordability and starting to quell demand, though I haven’t seen a lot of change on the supply side and finding a house is still very competitive. My team and I watch and interpret the market daily, so if you are even thinking about buying, selling, or investing in real estate, CALL US, we can help! We have the tools, expertise, and skills to help you take advantage of today’s market. Helping YOU is what we’re here to do!