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You are here: Home / Real Estate / Yes, the market is changing

Yes, the market is changing

July 7, 2022 By Geoffrey Disch Leave a Comment

As we’ve mentioned for the last several weeks, there is a definite shift in the real estate market. Briefly, here are a few factors that are changing:

  • Fewer bids: 10 or more bids have been the norm. In most cases, this is no longer true.
  • Fewer bidding wars: Fewer bids means fewer bidding wars.
  • More homes for sale: Many sellers are now rushing to get their homes on the market
  • Price reductions: With more homes on the market and few homebuyers, prices most be set with more precision.
  • More open houses: As the market shifts to favor buyers, selling becomes more competitive.
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Filed Under: Real Estate Tagged With: market shifts

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