It’s not a dramatization to say that the real estate market has been a roller coaster the previous few yrs. From seller’s markets to buyer’s markets and almost everything in in between, we’ve observed main modifications impression genuine estate brokers and brokers—as perfectly as their clients—in really limited spans of time.
This quarter primarily, we observed big shifts in conditions of what is available to purchasers and how customers are responding to that availability.
Let’s discover some of the essential trends we observed concerning Q3 2021 and Q3 2022.
Inventory’s mounting, but sales are slowing down
In the very last few decades, we’ve observed intense levels of competition amid customers, blended with a comparatively lower provide of listings. Now, as the sector shifts towards a extra balanced sector, we’re commencing to see far more households on the market. Among Q3 2021 and Q3 2022, we observed a spectacular 16% rise