Is it really?

Real Estate Agent with Atlanta Communities 303302

I have been speaking with quite a few agents recently about the market. It has definitely slowed, they all said. We can see in the office stats that unit sales have fallen since the interest rates started rising. Another indicator is the volume of calls agents are receiving from loan officers, desperate for business themselves. This is just one side of the story.

I listed a home yesterday at $385,000. Locally, this is just under the average home price of around $406,000. The home is in very good condition and the listing photos showed this. By the end of yesterday we had 6 showings and 3 offers all at list price or better. We have 6 more showings lined up for today. Why the feeding frenzy when we all agree things have slowed down? Inventory.

Or more specifically, lack thereof. We just don't have enough homes on the market at the moment to fill the needs of buyers. I also think that the initial shock of rates going up is starting to wear off and buyers are looking again. I just wish I had more homes to sell to them.

If you are thinking of selling your home, give us a call. We will go over in detail what is going on in your area and explain how you can take advantage of this market.

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage


Ph. 770.713.1545


I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

Comments (5)

Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

A market can be slow in general with specific homes/developments/streets still selling like gangbusters! Congratulations on the "hot" listing - hope you get more calls from sellers who want to sell!

Feb 15, 2023 05:15 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Peter. The roaring 70's saw rates hovering between 7 and 8 percent with a cost of 3 -points upfront in Illinois. Real estate was hot with some people moving every year as prices rose. Shock is when you have to buy and the rates are approaching 20 percent with points upfront. People who are spoiled are spoiled. Common sense returns after awhile. Enjoy your day.

Feb 15, 2023 05:15 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

The government is accomplishing what they need to do to get inflation under control.  Thanks for the post and have a great Hump Day. Bill 

Feb 15, 2023 05:25 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Peter - the world of real estate is constantly changing.  Even in the worst of times, there were properties selling.  And in the best, listings could be found "sitting" on the market "forever".  Agents who last and flourish in the business adjust and adapt while others continue may languish.    

Feb 15, 2023 06:09 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Peter,
Slowing but not slow. It's all relative to the craziness of the past few years. I'd say slowing is a good thing.

Feb 15, 2023 08:05 AM