This year, as home sales and buyer competition hit new heights, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today —

This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty have moderated the market. On the graph you can see how showings have softened by just over 12% compared to the same time last year.

Housing supply has finally begun to increase in the most recent quarter. That’s because the moderation of demand allowed housing inventory to increase in 2022.

If you’re thinking of buying a home, you might feel like you have more options and less competition than you would have had last year. However, with all those options to choose from, how can you be sure that the home you choose is the right one? That's why its important to have a real estate professional in your corner. They can help make sure you don't miss anything important, and can guide you through any challenges that may arise.

Keep in mind that there isn't a lot of inventory available if you're trying to sell your home.

This means that even with the increase in inventory and the moderating buyer demand this year, if you work with an agent to set the price of your home based on current market value, it will still sell.

The reason for this is that there are still buyers out there who want to move, and your home might be exactly what they're looking for.

The best resource for information on current supply and demand if you're considering buying or selling a home is a dependable Realtor.

They can explain what's going on in your neighborhood market and what that means for you.

Call Nathan Walldorf to buy or sell your home at 423-544-7700.

Source:ShowingTime,, KeepingCurrentMatters