Is This Strong Seller’s Market Starting to Weaken?
by: Jeff Quintin, on July 27, 2021 - faq
Here’s my answer to the question, “Is the market starting to weaken?”
A lot of buyers and sellers have been asking us about the market and whether or not it’s starting to weaken. We’ve seen a strong seller’s market for the past year, but it’s not slowing down like some people are saying it is. The market remains strong for sellers.
The predictions, both locally and nationally, say that market prices and market values are going to continue on an upward trajectory. The market has been super strong post-COVID and we’re seeing anywhere from one to four months of inventory depending on the area you’re in. Most places have between one or two months, which is indicative of a very strong seller’s market. Once we get up to six months of inventory, the market will be a little more balanced.
For the time being, however, we have a strong seller’s market. I expect that to continue for at least the next 12 months.
If you have any questions about the market in your specific area or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.