There is no doubt that a real estate shift is happening and the once fiery hot real estate market of 2018 is starting to cool. So what has changed?
Did local economics and job security change?
Were home prices increasing to quickly?
Did the financial markets impact buying power?
Before answering the question Will the Market Place Favor Buyers in 2019? let's look at a few key indicators.
- Active Months of Inventory
- Median Sales Price
- Pending Sales Volume
Active Months of Inventory
To few available homes for sale gives sellers the advantage and to many homes available transfer advantage to the buyers. Since March 2018, housing inventory has skyrocketed.