After almost two years, the market is starting to CRACK. We are seeing a rise in inventory, a drop in demand, and an increase in market time. Why?? – higher rates.
Keep this in perspective though. Remember that we are coming off an extreme Supply & Demand market. The dial is moving in the right direction but drastic changes will not happen overnight.
The current active inventory has increased by 60% since mid-January.
Other than the COVID-19 lockdowns of 2020, demand is at its lowest level for this time of year since 2009 and is already trending lower.
Knowledge is power. Apply the strategy for the win.
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