Is The Real Estate Market SHIFTING?
Are we starting to see a cool down in the real estate market? This is a question that a lot of people are asking so I want to give you an update on what is happening, especially right here in Chester County, Pennsylvania. I want to say this before I jump into the content of this video, I do not feel that we are going to be moving towards a buyer’s market any time in the near future. This strong sellers market could last for the next two years based on current buyer demand, interest rates, and lack of new housing inventory. But what I am seeing in the market does indicate that we are beginning to slow down every so slightly.
In this video, I am going to focus on a four factors that I am basing my assumption from what is happening in the market...
- Price Reductions
- Overall Inventory
- # of Offers and Showings on Homes
- DOM or Days on Market
To talk more about buying or selling a home in the Chester County and surrounding area, text 484-999-0218. Check out the full video or or click the picture below! https://youtu.be/DLecVesZ0V4