This trend is happening in our local market as well as nationwide. The higher priced homes are selling finally, but there are more on the market so buyers have more choice. All other homes are selling quickly. Now is the time to sell if you have been thinking about moving.
Some Highlights:
- A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
- Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
- Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!
