We got our monthly numbers from August to September.  You'll notice only a modest uptick in total active listings.  Pending and Closed sales are ticking down as sales volume gets sucked out of the market due to interest rates near 8%.  The average DOM (days on market) made another jump, and if you could see the weekly numbers I look at, it made yet another jump recently from 24 to 28 DOM.  There's a sign that some sellers are getting with the seasonal program to reduce their prices, but not all.  The one's missing the memo are starting to grow cold.  This is where we can find opportunity.  Active buyers in this market can start searching for those homes that have been on the market awhile to take a shot at lower price offers, or seller credit offers.  Remember, this period is seasonally low, and we have mortgage rates much higher.  More deals are popping up, but let's also remember what happened around December last year.  Mortgage rates started ticking down and mortgage applications quickly picked up as we headed into a strong beginning of 2023.

What are you seeing or hearing? I'd love to know paul@guiderealestate.com