The Local real estate market is changing.
Homes are sitting on the market longer.
The main problem is sellers think that their home should sell in a day for above asking price with multiple offers.
The real estate cycle is moving. This is not 2021.
If your home hasn't been updated, the buyers that are out there, are picking the nicer homes.
If you have updated your home and it shows attractive, you will still do well.
If interest rates fall, home inventory will probably increase.
If high inventory doesn't match buyer demand, prices will fall.
This is the most likely scenario, because buyers are still affected by these high inflation prices, making qualifying for a loan much harder.
Only time will tell.
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