Inventory at highest level since 2018

Buyers finally have more options both in our region and the country as real estate inventory has risen to the highest level since 2018. This has resulted in a slight softening of prices, but an increase in the number of transactions as some buyers have finally come off the sidelines. However, days on market is also increasing as buyers don’t feel rushed to make a decision right away, and many continue to be priced out by home prices and mortgage rates.