Local Brokers Point to Market Normalizing
Local brokers agree the red-hot seller’s market is changing as they begin to see signs of it normalizing in May with low chances of current prices falling significantly according to professionals. “We are seeing more inventory coming on the market combined with the decrease in multiple offer situations and properties staying on the market longer possibly indicating a normalizing market,” said Angie Parker the Co-Founder, Broker and CEO of LOCAL Real Estate. May had a total of 436 active inventory listings which was a 30.1% increase from 2021 along with a 2.9% increase in new listings. According to Adam Ruud, managing broker and owner of Domain Realty, ”We have hit a resistance point in the market. Sellers don't want to come to terms with the shift and buyers want to…