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Did you see this?... If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number... #realestategoals #realestatetips #betsywilsonhomes #williamraveis #simplifyingthemarket #knowledgebroker #realestatemarket #realestate

This past week, the median price for homes listed on the market fell 0.1% compared to the same period last year. This marks the third week of year-over-year price decline since July 2023 and the second consecutive week of negative annual price changes. Stay informed and keep an eye on the housing market as it continues to shift. #realestate #housingmarket #homeprices

Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a... #realestategoals #realestatetips

Are We Heading into a Balanced Market? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know. What Is a Balanced Market? A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a... #realestategoals #realestatetips

The current market has experienced growth in both sales and prices compared to the previous year. Homes are selling slightly faster, although the overall time to sell has increased for the year. Additionally, there is more inventory available, leading to a larger supply of homes on the market, which suggests increasing competitiveness in the housing market. To read the entire report, click the link below. https://ow.ly/QzYu50SZtWF . . . #elementsir #sothebysrealty #marketupdate #kcmarketupdate #sellyourhome #kansascitymarketupdate #kcmarket #market #realestatemarket #nothingcompares #onlywithus

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out. What’s Causing the Shortage? 1. Underproduction of Homes 2. Rising Costs 3. Regional Imbalances How Big Is the Problem? According to estimates from Real Estate News, the U.S. is facing a housing shortfall of roughly 3.3 million homes, based on an average of several expert insights. This shows there’s a significant number of homes that need to be built just to meet current demand from... #sellyourhome #opportunity

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out. What’s Causing the Shortage? 1. Underproduction of Homes 2. Rising Costs 3. Regional Imbalances How Big Is the Problem? According to estimates from Real Estate News, the U.S. is facing a housing shortfall of roughly 3.3 million homes, based on an average of several expert insights. This shows there’s a significant number of homes that need to be built just to meet current demand from... #sellyourhome #opportunity

Even though there are more homes available for sale than there were at this time last year, there are still more buyers than there are houses to choose from. So, know that if you’ve got moving on your mind, your house can really stand out. What’s Causing the Shortage? 1. Underproduction of Homes 2. Rising Costs 3. Regional Imbalances How Big Is the Problem? According to estimates from Real Estate News, the U.S. is facing a housing shortfall of roughly 3.3 million homes, based on an average of several expert insights. This shows there’s a significant number of homes that need to be built just to meet current demand from... #sellyourhome #opportunity