As real estate professionals, the most common question we get is: ‘How’s the market?”
The answer: Weird.
There is a record number of homes for sale in the MLS (more than 8,000) and meanwhile prices have not come down.
Consequently, buyers have more choices with increased inventory and more opportunities to negotiate seller concessions. There is a revealing truth, though, that sellers who purchased with a low interest rate during the peak of Covid may not have the equity they expect. A home purchased for $250k in 2021 is likely worth $250k in 2026.