Andreas Holder on
State Of The Market
As we were heading into fall in this unusual year, real estate continued to show some surprising trends.
- October continued to be busier than typical for the month. Buyer activity remained higher than normal, while housing supply was lower than one year ago in many areas. New listings in some city neighborhoods still saw multiple offers, keeping housing hot while the temperatures continued to fall. In other areas, especially in city center locations, supply was higher than demand, resulting in higher inventory and longer market time. Median prices have been able to stay strong, which is an indication that sellers are not desperate and are waiting for the market to recover, rather than slashing prices.
- New Listings…
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