An Update on Our Changing Market
Data proves that the market is changing, but should you be worried?
You don't have to ask many people to find somebody who thinks we are on the precipice of a major market shift. Are we in for a massive correction? Is it time to hit the panic button? That is exactly what we're going to discuss in this market update. NOTE: this representation is based in whole or in part on data generated by the Association of Interior REALTORS®, which assume no responsibility for its accuracy.
Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:
0:01 — Introducing today’s topic
0:19 — 2008 comparisons
0:35 — Property owner anxieties
1:30 — What the data tells us
2:17 — 2020 versus 2021 sales
3:14 — Inventory levels
3:46 — List-to-sale price ratio
4:43 — Why people are moving here
7:13 — The tail end of the market boom
9:11 — The next phase of the market
10:31 — Wrapping up
If you want to see what your home will sell for in this market, or if you want to check out our “coming soon” listings, don’t hesitate to reach out to us. If you have any questions, let us know. We look forward to hearing from you.