Why It’s Still a Sellers’ Market
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know this market is still anything but typical.
Even though the supply of homes for sale has been growing this year, there’s still a shortage. And that means conditions continue to favor sellers today. That’s because the inventory level of homes for sale can help determine if buyers or sellers are in the driver’s seat. Realtors call it the “Absorption Rate.”
Click here to find out how to calculate your local absorption rate and why it's important to know.