Today’s Real Estate Market Explained Through 4 Key Trends Here’s a look at four key components that are shaping this unprecedented market. >>A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. This is good news for buyers who crave more options. But even though we’re experiencing small gains in the number of available homes for sale, inventory remains a challenge in most states. That’s why it’s still a sellers’ market. >>Buyer Competition and Bidding Wars Today’s ongoing low supply, coupled with high demand, creates a market characterized by high buyer competition and bidding wars. Buyers are going above and beyond to make sure their offer stands out from the crowd by offering over asking price, all cash, or waiving some contingencies. The number of offers on the average... #Bgroup #Prescott #Realtor #Homes #Smart

Today’s Real Estate Market Explained Through 4 Key Trends Here’s a look at four key components that are shaping this unprecedented market. >>A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. This is good news for buyers who crave more options. But even though we’re experiencing small gains in the number of available homes for sale, inventory remains a challenge in most states. That’s why it’s still a sellers’ market. >>Buyer Competition and Bidding Wars Today’s ongoing low supply, coupled with high demand, creates a market characterized by high buyer competition and bidding wars. Buyers are going above and beyond to make sure their offer stands out from the crowd by offering over asking price, all cash, or waiving some contingencies. The number of offers on the average... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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