Save the photos and videos currently loaded on this page.
Keep this tab open until your download is ready.
![There have been a lot of shifts in the housing market recently. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing.
Even though weâre no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), doesnât expect that to change:
â[H]ome prices will be steady in most parts of the country with a minor change in the national median home price.â
You might think sellers would have to lower prices to attract buyers in todayâs market, and thatâs part of why some may have been waiting for prices to come crashing down. But thereâs another factor at play â low inventory. And according to Yun, thatâs limiting just how low prices will go:
âWe simply donât have enough inventory. Will some markets see a price decline? Yes. [But] with the supply not being there, the repeat of a 30 percent price decline is highly, highly unlikely.â
That lack of available homes on the market is putting upward pressure on prices. Bankrate puts it like this:
âThis ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply wonât allow a price crash in the near future.â
With so few homes available for sale today, itâs important to work with a trusted real estate agent who understands your local area and can navigate the current market volatility.
If youâre thinking about moving this spring, DM me today.
#realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #santarosabeachflorida #navarrebeach #alysbeach #destin #destinrealestate #destinrealtor #destinrealestate #30arealestate #30aproperties #panhandlestrong #30arealtors #investmentproperties #premproperties by @prempropertiesfl](https://scontent-atl3-2.cdninstagram.com/v/t51.82787-15/622509313_18055626962386825_5030688617935882437_n.jpg?stp=dst-jpg_e35_s640x640_tt6&_nc_cat=105&ccb=7-5&_nc_sid=18de74&efg=eyJlZmdfdGFnIjoiRkVFRC5iZXN0X2ltYWdlX3VybGdlbi5DMyJ9&_nc_ohc=ZpR_5K0mD3IQ7kNvwGl7tC_&_nc_oc=AdrKCcAsMp_koiPMobOiYC3r4xDZRUVmXF3xChQqgCx3vBnGbUceH1-yGY1FzCksprsYNIpXQJdXEc6V_Sxok1lV&_nc_zt=23&_nc_ht=scontent-atl3-2.cdninstagram.com&_nc_gid=8xQ5HvugWRN584XKO72V8g&_nc_ss=70689&oh=00_AQTB0vEv2Z_TwhxNbcH03THO3j15hN9ROGVBDzqEpidN8A&oe=6AF13441)
