Market Update

What's happening in the market right now

We have been talking about a return to a balanced market for a while now. What does this mean? What does it look like? Here’s what you need to know… A balanced real estate market is one where there is approximately 4 months of inventory on the market. We currently have about 2.9 months of inventory on the market for residential homes and 2.5 months for condos. This means that homes do not sell in record-breaking times, but take longer and buyers have more choice and time to make decisions. This is good for everyone! Let us know if you have any questions, we are here to help!

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