The current inventory level has reached over 13,000 homes, marking one of the highest amount seen in the past 12 years.
This shift provides potential opportunities for buyers to negotiate better deals, but it also puts pressure on sellers to remain competitive by ensuring their properties stand out.
It’s a Micro-Market – While some urban areas experience a surge in inventory and buyer-friendly conditions, others continue to see tight competition and limited availability.
Builders are responding to the current market dynamics with enticing rate incentives for new home construction.