The froth may be subsiding from our very active sellers’ market. Partner Matt recently checked the MLS for daily updates and found only 5 changes: 1 new listing, 4 price reductions and no under contracts. https://www.screencast.com/t/YbghmLfg7bk
While this is only one day’s activity and we are by no means suggesting the sellers’ market is over, it suggests properties are not moving as briskly as they did earlier in the year. Buyers may enjoy a slight improvement in their bargaining position and sellers should appreciate that the market is cooling a bit rather than imploding.
Tupper's Team prepares a Market Segment Report every month to stay on top of activity in every price range. All price ranges up to $1.4 million remain in Sellers’ Advantage or Balanced status. If you'd like to see a copy of our latest Market Segment Report, just let me know.