My Opinion of the Real Estate Market Today
The selling prices of homes peeked the beginning of June 2021. I predict prices will be coming down for the following reasons.
- The number of homes on the market is increasing
- The number of days homes are on the market are increasing.
- The number loan applications to purchase a home are decreasing
- There has been an increase in the number of price reductions.
So, if you are planning to sell your home, the sooner the better.