Having 2,218 new detached and attached listings in a county of 3.3 million people is anemic. There were 4,198 new listings in October, 2019.
But it doesn’t look like we need any more – those on the market aren’t selling like before. In fact, the unsolds are starting to stack up now, which is the #1 fear for sellers:
It’s showing here too:
These are the more typical market pressures we would see in a normalizing market. The sellers are losing some of their pricing power, and buyers think that most of the current offerings just aren’t worth it.
