The housing market has been in a state of flux over the past two years, with a significant imbalance between low housing supply and high buyer demand pushing home sales and competition to new heights. However, this year things are shifting as supply and demand reach a new inflection point.
As a realtor, it is my job to make sure that you are informed about the shifting market and to help you get out in front of it so you can make the best decision for you and your family. The graph that I am going to show you is a good snapshot of the difference between supply and demand. While it doesn’t necessarily mean that it’s a bad time to buy or sell, it does show that supply is inching up and demand, due to high interest rates and an uncertain market, is starting to dip down.