Market of the Moment - 3/3/2023:
No change in inventory week over week. We had fewer pendings but more solds so the seller deadlock continues.
We also had a big jump in expired/withdrawn.
I showed four houses to my clients this morning and 3 of the 4 had been on the market over 45 days.
We need more sellers willing to sell at current market prices. Remember, you're home is worth what someone else is willing to pay for it. Not what Redfin or Zillow say its worth. The market will always tell you what it thinks the value of your home is.
In the meantime, buyers are shopping and making offers. With a slight depression in prices due to the Fed raising interest rates, now is the best time to buy.
Once interest rates come down, prices will go up.
Don't miss this opportunity to start building equity today.