With a majority of sellers not motivated to list their homes currently, inventory remains low. Whether homeowners are enjoying their space prior to potential return to office or hybrid work scenarios, or that some have smaller loans and interest rates, many owners are holding on to their properties until the market conditions improve or rise significantly. While this is discouraging for potential buyers, it is an encouraging sign of the resiliency of the local real estate market to homeowners and those looking to invest in the area.
Leave a Reply