The housing market is still hot, and it sure is still a seller’s market. However, it is still a great time to buy even with the rise in interest rates. The number of homes for sale is steadily increasing, and more listings are coming to market each day which allows for more options for buyers.

With more homes available, there will also be a slight decline in the number of bidding wars. This is great news for buyers because they won’t have to compete so much a home.

As we move into the fourth quarter of 2022, we are also seeing more price reductions. When housing supply ticks up, sellers need to look for ways to make their listing stand out amongst the others. While home prices are still appreciating overall, there will still be many price adjustments from motivated sellers throuighout the end of 2022.

The bottom line is if you are a buyer looking for a home, don’t lose momentum! As the market starts to slightly change, there will be more opportunity for you to find your dream home. We have a great team of agents that you can lean on to be your trusted advisor to keep you motivated to find the perfect home.

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