Every Door Market Report
The market slowed way down in December, which is to be expected, but overall, home sales were slower this December than they were a year ago at this time. Fewer homes are closing, fewer are being listed, and the ones that are listed are spending a bit longer on the market (34 days compared to 16). Still, this points to a steady market, even though it’s slower than we’ve been used to!
Less Inventory = Seller's Market
What does less inventory mean for the market? Attom Data, the leading provider of nationwide property data, expect a seller’s market but not like what we saw in 2021 or 2022. According to Rick Sharga at Attom
, “You’re not going to have 30 people bidding on your house when you put it on the market.” He encourages sellers to be realistic about price, something that could give them a leg up.