![]() Sacrifice some wants. If you can’t find the “perfect” home, be willing to give up some nice-to-haves for your must-haves.If you want to find a good home in this slim market, here are a few of my favorite pieces of advice: That means you don’t have time to sit around and think when you’re shopping for a home-you’ve got to make a decision pretty quickly. In September 2023, homes spent an average of 48 days on the real estate market-two weeks less than typical pre-2020 levels. Let’s talk about how this affects you if you’re planning to buy or sell sometime soon.Ī low inventory means you need to be on your toes when you go house hunting because the best homes will get snatched up fast. 1 So, while inventory is still growing, it’s not happening very quickly-and it’s still nowhere close to pre-COVID levels. Here’s how things are looking these days: Inventory has been moving upward since April 2023, but the number of homes for sale was still down 4% year over year at the end of September. That means there aren’t enough homes for sale to meet buyer demand. The real estate market has been dealing with low inventory for a while now. Real Estate Trend #1: Home Inventory Is Low but Growing So, let’s dive in and answer those questions (and some other important ones)! Whether you’re selling, buying or staying put, here are the 2023 real estate trends to watch. Questions like, “Will we see more skyrocketing home values?” and “How will the real estate market shake out in this economy?” ![]() ![]() With so much going on around the country-and everything getting more expensive-you may wonder how current events are affecting the housing market.
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