Our market is slowly going back to being a more balanced market.

The sky is not falling, and the market is not crashing. Inventory has been rising for the last few months, but we're still in such a shortage that it’ll be a long before we see any price reductions. To be a balanced market, we’d need six months of inventory. The latest market stats show that we only have 1.1 months of inventory. Until we get to that level, we’ll still be in a seller’s market, and there won’t be any downward pressure on prices.

Many buyers are thinking about waiting for prices to soften and rates to come down. We can tell you with certainty that prices won’t decrease for a while. No one is sure about what’s in store for rates. Historically, they’re still very low, so we would encourage buyers not to wait if they are ready to go.

The market is not crashing.

Have we passed the best time to sell? Maybe, but the average days on market is still only 14. We likely won’t return to seeing 30 offers over asking, so now is the time to take advantage of this market before it shifts.

If you have any questions, reach out to us at (407) 499-8993. We look forward to hearing from you.