Stay informed about the current state of our local real estate market.
In this month’s update, we’re diving into the current state of our local real estate market. As of May 18, the inventory has experienced a notable decline, signaling a shift toward a seller’s market. However, it’s important to note that buyers still have opportunities, as well as some unique challenges. On the other hand, sellers can take advantage of the active market and favorable conditions. Let’s explore the details of this dynamic market.
1. Decreasing inventory. Over the past two months, our inventory has decreased from 4,800 homes in March to 3,800 homes today. This decline of approximately 1,000 homes highlights the ongoing trend of limited supply. As a result, the market is gradually favoring sellers, emphasizing the need for tailored approaches for buyers to secure their dream homes.
“Sellers can take advantage of the active market and favorable conditions.”
2. Navigating challenges. While the market may lean toward sellers, buyers can still find success with the right strategies and expert guidance. Our recent accomplishments demonstrate that purchasing a home is still feasible. However, it requires a unique set of strategies to overcome the competitive landscape. Rest assured—our team is experienced in negotiating and ensuring our clients’ success.
3. Opportunities for sellers. For sellers, this active market presents an opportune time to list their properties. A recent example is a condo listing we took, which garnered an offer within two days and attracted multiple showings. With such high demand, sellers can expect favorable outcomes. If you’re considering selling your property, seize the moment and capitalize on the market conditions.
Whether you’re a buyer or a seller, it’s crucial to have a customized approach tailored to your specific requirements. Our team is ready to provide expert guidance and create a personalized program to help you achieve your real estate goals. Reach out to us at (702) 845-8540 or email bill@soldbyjenkins.com to schedule a consultation and discuss your options in depth. We look forward to hearing from you!
