Anecdotely I’ve noticed homes on the market for longer time periods and not getting the initial asking price. Homes are still selling, but I’ve certainly noticed an uptick locally in homes on the market. This is occuring at a time where a lot of new homes are coming on the market after a fairly significant run up of prices over the past five years.
The following piece argues something much more ominous is occuring, what are you seeing?
Scott Dauenhauer CFP, MPAS, AIF