Market of the Moment 9/3/2021

[Alan Walker]

You know that moment in Groundhog Day where he finally realizes that he’s going to keep repeating the same thing, over and over and over? Yea, that’s what this post feels like. Inventory is hovering above 500, compared to 300 earlier this year, and days on market are still in the low single-digits. Now that we’re dipping our toe into September, there are no signs of buyer demand slowing down. I have seen more wholesales and listings with price reductions, which doesn’t necessarily mean correction as much as coming back to reality. In a market that hasn’t made much sense for the last 2 years, I’ll take some reality wherever I can find it!