Active listings are finally increasing and inventory is trending toward pre-pandemic levels. Listings are staying on the market longer, more sellers have begun to reduce the price on their listings, and fewer buyers are paying over list price. Mortgage rates have fallen for two straight weeks to 5.30%.
Buyers - you may find that sellers may be more motivated to sell in light of these developments.
Sellers - home prices are up 38% from 2 years ago so it is a great time to sell.
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