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Even though buyer demand has moderated and housing supply has increased in recent months, the market can still be considered a Seller’s Market because inventory is still low. 📉
According to data from NAR, sellers continue to benefit from competitive offers and serious buyers. In July, for example, the average home received 2.8 offers and 39% actually sold above the asking price. 💰
In other words, while the market is in fact cooling off, you certainly haven’t missed your chance to sell your home. Partner with a real estate professional today to get started on your home selling journey! 🏠
