What’s Going On In Our Market?
The September stats defy market conventions. Find out why.
Home prices went up again last month, but so did inventory. What happened to the basic law of supply and demand that says prices will rise as supply drops? Today we’ll update you on what happened in our September market and give you some insight into where the market is headed.
Feel free to follow along in the video above or use the timestamps below to navigate the video at your leisure:
0:31 — Stabilization in the market
1:00 — The increase in inventory
1:49 — The decrease in the list-to-sales price ratio
2:44 — Pending sales rose in September
3:20 — Interest rates are slowly rising
4:05 — Hedge fund buyers
4:39 — Is it a good idea to sell your home and then rent?
5:15 — A word from Jessia Eiroa at Five Star Mortgage
If you have any questions about the market or how these shifts will affect your real estate prospects as a buyer or seller, don’t hesitate to reach out to us. We’d love to help you.