Inventories will increase as more homes come on the market and fewer will sell.

by | Sep 16, 2023 | Forecast

Prices will most likely feel pressure as it’ll take longer for homes to sell as some buyers are pulling out of the market or deciding not to engage. Mortgage rates are not going to go down for a while. It’s an interesting market as we transition from a seller’s advantage to a buyer’s advantage. It’ll be a few months before we see a solid balanced and normal market.