The balance of power in real estate just shifted, and it may or may not be in your favor. Realtor.com reports the national housing market hit five months of supply this past summer.
What does that mean? Here’s the breakdown:
Under 3 months of inventory = Seller’s market.
3 to 5 months = balanced market, and
6+ months of inventory = Buyer’s market.
Nationally, we are seeing major metro areas across the area shifting into a more balanced market; however, buyers are gaining leverage, so waiting could cost you big!
Want to know what this shift means for your home value? Drop “VALUE” in the comments and I’ll send you a free breakdown of where your property stands in today’s market. The window to sell for a premium price is still open, but it’s closing fast, so don’t miss it!
I’m Terry Tucker, Realtor with eXp Realty. I help people sell and buy homes right here in the East Bay! With over 28 years of experience, I know how to help you win in any market. I’m Terry and I sell homes. Call me today and let’s get you going!
