Examining these figures on a month by month basis, it is clear that the effects of recent interest rate increases are making themselves felt. Although inventory is higher than it has been over the past few months, prices have certainly stabilized, and many sellers are surely realizing that they priced their home higher than the market would accept. There are still plenty of buyers out there for well-priced homes but multiple offers are few and far between. Many motivated sellers are having to reduce their list prices though and these are – Highlighted Above.
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