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Summary: Housing Market Update – New Listings Increase, More Sellers Drop Prices
- New listings posted their first annual increase since July 2022.
- Some sellers are tired of waiting for mortgage rates to drop, while others worry about prices declining.
- Buyers may experience some relief as more properties become available.
- Article on redfin.com.
Must-Know Points: Understanding the Current Shifts in the Housing Market
An article on redfin.com reports that new listings have posted their first annual increase since July 2022. This change in the market is attributed to some sellers becoming tired of waiting for mortgage rates to come down and others worrying that prices will decline. As a result, buyers may experience some relief as more properties become available in the market.
As a Kansas City Realtor, we understand the importance of staying informed about industry developments and trends, particularly those that impact the real estate market and the availability of properties. Our team of experienced professionals is dedicated to providing expert guidance and assistance, ensuring our clients successfully navigate the real estate market and find properties that suit their needs and preferences.
In conclusion, the article highlights the current shifts in the housing market, with new listings finally increasing and more sellers dropping prices. As a professional and dedicated Kansas City Realtor, we’re committed to providing expert guidance and assistance to help our clients achieve their real estate goals, whether they involve understanding market trends or other factors. If you’re looking for assistance in buying or selling a property in the Kansas City area, don’t hesitate to reach out to our team for expert guidance and support.
Orginal article: Link To Article – provided by Kansas City Realtors
