Housing Supply Makes A Record Jump
Redfin reported that housing supply posted a record increase last week as homes remain on the market longer. The number of homes for sale jumped 15% YoY, and days on market also grew. This indicates that increased housing supply is the result of houses staying on the market longer, not new listings. |
Here are the key takeaways: |
|
Our take |
Good agents can make deals happen in this market. Mortgage rates have stabilized slightly, and great homes are becoming available. Homes will sit on the market if sellers are unrealistic. Buyers have more options now. So managing expectations is key. If you are looking to buy, let's connect below by filling out the contact form. |
CONTACT US TODAY TO BEGIN YOUR HOME SEARCH
—---------------------------------------------
WHO IS RI PRASAD?
We are one of Chicago’s leading providers of comprehensive real estate services. We are home to an ever-growing team of savvy & reputable local realtors who are community leaders, and customer-service-oriented staff. Whether you’re looking to find a new home, sell your home, or invest in your future; let us be your trusted real estate advisors.
“Real Estate isn’t just a profession, it is truly a obsession” - Ri Prasad
Post a Comment