We're still in a sellers market, Folks! However---rather than every property going under contract within the first weekend, we are seeing some properties go through two weekend cycles. But that's only SOME properties. Those properties that are in hot neighborhoods or certain price points are still flying off the market after the first weekend & with multiple offers. Real estate, in a more normalized market, is super hyper-locally focused. We've been in a period where blanket statements were true: all houses went under contract regardless of location! But now, as interest rates have gone up & fewer buyers are shopping, we're seeing slightly lower demand which has given buyers that are shopping more options.
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Jess PowersBuying or Selling? Here's some useful advice! Categories
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February 2023
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