Stay informed about the latest developments in the real estate market.

Are you curious about the latest developments in the real estate market for September? We've got the scoop right here. In this month's market update, we'll delve into the numbers and shed light on the current state of affairs.

The good news is that inventory has seen a slight uptick for the fourth consecutive month, with an increase of 270 units. However, before you start thinking it's a buyer's paradise, we're sitting at around 2.3 months of supply. A balanced market typically hovers around six months, meaning we're still firmly in a seller's market.

With the whispers of a market crash circulating, it's essential to set the record straight. Contrary to fears of a 2008-style meltdown, we're not observing the same red flags. The Housing and Urban Development (HUD) and the U.S. government have implemented measures to prevent a repeat of the past housing crisis.

“It's an opportune time to dive into the market and find your dream home.”

For those hoping for a drop in prices, it's crucial to note that without a significant increase in inventory, pricing isn't likely to see a significant dip. Currently, we're approximately 66% short of achieving a balanced market.

Sellers take note—it's still an excellent time to sell, although not as blazing hot as it was over a year ago. Well-priced, well-marketed, and well-maintained homes can still garner multiple offers.

Buyers, don't feel disheartened. With more options available, you have room for negotiation. It's an opportune time to dive into the market and find your dream home.

If you're eager to explore the data reports or have questions about the market, we're here to assist you. Reach out to us at (407) 499-8993, and let's connect. Your real estate journey starts here.