Articles

Is The Housing Market Still Crazy? Is The Sky Still Blue On A Sunny Day?

Market Status
So, yes...  the housing market is still crazy... and the sky is still blue on a sunny day.  Speaking of sun... and heat... looks to be a scorcher this week!?!

A client asked me this weekend if the market was still pretty crazy / busy / active.  Indeed, it is.

Will it slow down sometime? I'm not thinking it will anytime in the foreseeable future.  Maybe in November?

I think there is a good chance that homes will keep selling as quickly as they are right now (median of 4 days on the market thus far in June) for the rest of the summer and into the fall.

Which is GREAT if you are going to be selling your home and is AWFUL if you are trying to buy a home.

But yes, you can buy a home -- it will just likely take a bit longer to find a home you like (given very low inventory levels at any given time) and to secure a contract amidst a likely multiple offer scenario which we are seeing on most property prepared, priced and marketed new listings.

So, yes, the market is still crazy - and I'm not predicting that to change in the near term.  What about you?  Do you think things will slow down at all this summer or fall?
 

Enjoying these articles?

Get each new one in your inbox.

Latest articles

All articles

We Might Actually Have a Few Homes to View!

I haven't said that too often over the past five or six years. Since the pandemic, the housing market has ranged from very tight to pretty tight in most price ranges. As…