New homes coming on the market will be steady.

by | Jul 16, 2022 | Forecast

Sales will be strong, but we can expect to see some buyers pull-back and pause, waiting to see what the economy and rates will do. I doubt if we’ll see home prices drop, although we are headed toward a balanced market and sellers are starting to lose their advantage. Buyers may see some bargains with highly motivated sellers. July is one of the slowest months for activity as many people are enjoying summer weather. August and September will have brisk sales.