The real answer would be ‘Yes & No’. Why? There still are not enough homes to satisfy the demand and now that interest rates are inching up it seems would be sellers are getting cold feet. And buyers are still struggling to find homes that fit their budget or other requirements due to slim pickings. Some would just say the market is finally balanced as prices have peaked.
No one has a looking glass that can completely predict the future so anything could change at this point. The best we in the industry hope for is a slight cooling off but continued slow growth. More builders are building and investors are still buying up homes (we’ve sold 2 lately to a very large investment company). So in general as long as consumer confidence stays up the market should at least remain steady. The report below shows we’re still moving forward.
Have any questions on your home’s value or wondering what you could buy in today’s market? Give The Derrick Team a call 317-563-110 today for a no obligation ‘one on one’ consultation.