THE REAL ESTATE MARKET TRENDS IN REAL TIME!
10/16/2023
This Week from Mike Simonson, Altos Research.
Homebuyers Hit the Brakes, Causing Unseasonal Growth in Inventory!
Happy Monday, and welcome to Barsam & Associates.
If you're new to Barsam, this is our weekly newsletter from Altos, where we share the latest market stats and recent podcast episodes, as well as other news.
Available inventory of unsold homes on the market continues to climb at its fastest clip all year. The total count of unsold single family homes grew by 9,000 this week, which is very unusual for this late in the year. It’s also notable that inventory growth is from weaker-than-normal demand, not from a surge of sellers. The question is whether we’ll see inventory grow in November, which would be unheard of and would be a bearish indicator for home prices in 2024.
KEEPING OUR CLIENTS INFORMED
Please click the button below to customize your search. If you have any difficulties signing into the system, please email our team. Team@Barsaminc.com or call 877-522-7726.
We work hard to keep our clients informed about the market while they’re buying or selling their home. These weekly reports use real-time data so our clients can make decisions based on what’s happening in the market right now and how the market is changing week by week.
A few questions these reports can help you answer:
Is now a good time to buy or sell?
Check the “Market Action Index” to see if the market is heating up or cooling down.
How’s the market in my price range?
Click into the “Market Segments” charts to see the how the market is behaving in different price ranges.
What can I get in my price range, and where should I look?
Use the “Median List Price” charts to see what you can buy in your price range, and search by zip code to compare different neighborhoods.
Feel free to share this report with your friends and family, and please let us know if you have any questions about the market or if we can help you in any way.
For all of your real estate needs, we can be reached at 877-522-7726 or by email: Team@barsaminc.com