This is your HomeBenefitIQ advisor and today I’m here to talk about current real estate market conditions.
Overall in our general market area, we are up by about 1% in value, which is pretty flat. We are also up 7% in units sold. This might sound like wonderful news, but we’re also up 10% in supply. That means there are more homes on the market and more competition for home sellers.
What does all of this mean? Moving forward, we can expect the market to stay relatively flat in terms of home value.
If you have any questions, give me a call or send me an email. I would be happy to help you!