Published August 5, 2021

The Market of the Moment

Written by Bell Henderson Team

We’re sensing something in the air; our real estate market is changing.

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Today we're talking about the market of the moment. Everyone on our team has been sensing that something's changing in our market, so we went out and started digging to find out what's happening. What’s changing is that we're finally seeing an increase in inventory. I think every Realtor and buyer would agree that we need more options. We're also seeing a decline in the number of homes that are going under contract. Last year was unprecedented. This year, we're starting to see some of that seasonality return. Buyers are finally fed up and backing out of the market. Some sellers have been getting too aggressive with their pricing. A few of our buyers have said, “Let me know what’s going on this fall. I'm going to take a break.”

"We're finally seeing an increase in inventory."

Last June, we had 181 homes that went under contract; this year, we’ve had 134. That's 26% fewer home sales, even with an increase in inventory. In the market of the moment, it might just be vacations, fatigued buyers, or aggressive sellers having to readjust their prices, but something is happening. However, it's still an extremely active market. If you have any questions about the market of the moment, please give our team a call, and we'd love to tell you what's happening.

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