Housing Market Update

Chronically low inventory continues to keep home prices high, with new builds down 13.8% this year. While buyer demand may dip in 2024, hopeful homebuyers can find some relief in reduced competition. Sellers still hold an advantage, but it’s crucial to price homes realistically to ensure a successful sale. Remember, just because a website suggests a high price doesn't mean it's accurate—trust your agent for the right comps.