I think it is more of a time of season thing, coupled with the investor pull back, coupled with the fact sellers are increasing their listing prices.
I think those three things are “more to blame” than the interest rate hikes of late.
Plus, the interest rates have come down a bit from their 4.5% level.
I’d imagine that we are in the 1st quarter of the shift from a sellers real estate market to a buyers market.
This is seemingly the reason why we are seeing Santa Clarita real estate inventory start to build and the fact that we have more price reductions from list price, than we can shake a stick at.
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We have that – click on the link, and you will be enlightened. It’s directly from the Multiple Listing Service and will give you the best intel you can find directly from the local Boards of Realtors.