Even in a sellers market, we have to play by the rules

Even in a sellers market, we have to play by the rules

The real estate market is showing some really small signs of slowing down right now. It’s been crazy, so this slow down really only means that we are moving from a strong sellers’ market to a sellers’ market.

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Market Snapshot is back!

It’s really the trend we’re concerned about. The great annoyance was that the system used to generate the Market Snapshot hit a snag, and it took longer to resolve that than I had hoped. If you’ve been keeping track of the monthly changes from the Market Snapshot, know that we’ve had a reset on the data.

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March snapshot

The real estate market is still crazy. Inventory is creeping up slowly — and that’s a good thing — but last month we sold over 50% more properties than we did in February, so we cut deeply into what little inventory we had. Right now, we have less than a five-week supply of homes for sale.

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