Well, this is the first bit of “Seller’s Market” discussion I’ve seen in years! According to this Market Update provided by ALTOS Research, inventory levels are decreasing and sales seem to outway new listings. Although prices have not leveled out yet, this report shows that they very well may, if the trend continues in the way it is going.
This report is great news and shows that perhaps there is a light at the end of this dark tunnel! It shows that there are buyers taking advantage of the good prices and also shows that the pricing may creep up a bit, which is great for the sellers who either NEED or want to sell.
Hope that next week’s report follows this one well and that this isn’t just a fluke 🙂