NATIONAL MARKET UPDATE AS OF 9/19/2022
The National Association of Realtors reports active housing market inventory continues to grow, up 27% from a year ago. Versus last year, shoppers have more homes to consider, although inventory still isn’t back to pre-pandemic levels.
A recent study reveals adults with school-aged children will account for nearly one in four home sales over the next 10 months. Families with kids over 18 and empty nesters will also be active, singles and retirees not as much.
Freddie Mac: “Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate,” so, “while home price declines will likely continue, they should not be large.”
What does this mean for you? Give me a call and let’s find out.
Mary Cockburn/505-639-2090/MaryCockburn.Realtor@gmail.com
