The local real estate market is slowly picking up pace, but inventory remains the key challenge across many communities. The most significant pinch is at entry-level price points, where supply constraints are limiting options for eager buyers. While we anticipate an increase in available homes as we head into the spring market, the overall shortage of inventory will likely persist for the foreseeable future. For buyers, this means being prepared to act quickly and competitively. For sellers, understanding hyperlocal market conditions will help you price strategically to attract the most buyers. No matter which side of the transaction you're on, staying informed about these shifting dynamics will be essential to your real estate strategy.
If you're considering buying or selling, let’s connect to discuss how these trends could impact your next move! Happy Valentine’s Day! |
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