homesforsale: The Rising Demand for Homes May Be Slowing
- 06/16/22 09:24 AM
Demand may be slowing It appears housing prices are beginning to decline. The reason home prices shot up 34% in the last two years is because of the demand for housing, but not enough inventory of homes available to purchase.
What does it mean? It seems a lot of properties are coming onto the market just as demand slows, analysts say. With demand slowing, prices could level off and maybe in some cases could even start to decline.
The median existing-home sales price reached an all-time high in April of $391,200, up 14.8% from a year ago, according to data released in May by the National Association of … (6 comments)
Demand may be slowing
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