The real estate market is currently experiencing a fear-driven imbalance of supply and demand. Homes that are priced well or move-in ready are trading quickly, but the list prices have been going down as sellers adjust to the current reality. Prices in general have not been falling; instead, they are adjusting to an equilibrium where they can be sold quickly. Not only has demand dropped, supply has dropped considerably. However, people are not adjusting their original listing prices accordingly and are then forced to reduce the price. If you have questions or want to learn more about the current real estate market, reach out to us at The C Group! We’d love to chat!
