Supply is down and demand is up in our market this September.
Every year around September, the market tends to get a little sleepy, but is this still true for the market in 2019?
At the moment, it is for sellers. Over the first three weeks of August, inventory dropped 9.9%. In other words, one out of every 10 homes a buyer could choose from last month isn’t there anymore. Sellers aren’t bringing as many properties to the market, and I know exactly why. For one thing, they assume the buyers who weren’t able to move before the start of the school year are gone. Also, they assume most people don’t want to move during the winter.
The fact is, though, that money motivates. Interest rates have dropped significantly, and the Federal Reserve…