The Formula

So someone ask me if this is turning into a buyers market….my answer is no. Here’s the formula thaat most of us use in this market. If there is a supply of homes, let’s say five or six months, supply of homes it’s still a sellers market, right around five, six months, it’s considered a neutral market, about six or seven months and above that’s when it turns into a buyer’s market. So just because interest rates have gone up doesn’t mean that it’s turning into a buyer’s market. Inventory is still low. Like, follow, share, take care.

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