Signs of a slowing real estate market are growing—existing-home sales and new-home sales are slipping. Many home sellers are worried that they could miss out on the typical buyer frenzy.
The inventory of homes for sale went up by 9% last week compared to 2021. New listings are rising as well: nearly twice as fast in the past four weeks as they did a year ago.
As a result, home sellers are seeing less competition from buyers. According to Redfin, nearly one in five sellers are dropping their asking prices…the highest rate since October 2019.
Feel free to call me at 503-7013-4699 or email me at firstname.lastname@example.org if you want to know the best approach to buying or selling a home at this time and we can run some numbers.