Supply and Demand
Home sales have been exceeding new inventory, prices have not yetstopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there.
Watch prices as the market transtions from a buyer’s market to a seller’s market.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are postive trends for the market.
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