Although we’re getting more inventory, buyer demand is still too strong.
Prices are always determined by supply and demand. Although the number of homes entering the market is increasing, buyer demand remains very strong. What does that mean for you?
With the demand for housing still outpacing supply, home prices will continue to rise but likely at a more moderate pace. Many experts believe that the rate of appreciation will slow down from the high double-digit levels we’ve seen over the past two years.
If you have any questions or if you want more of the latest market information, don’t hesitate to direct message me. I look forward to hearing from you.