Inventories will remain steady.

by | Oct 1, 2023 | Forecast

New listings and sales balance each other. Prices will be flat, and likely to remain so for most price brackets, although we may see softening in the $500,0000 to $1,000,000 range, as it’s difficult for move-up buyers to adjust to higher mortgage rates, which will continue to go higher for the rest of the year. It may take longer for a sale pending to occur, back to normal of 60 days.