What This May Mean For You!
- Buyers: More choices, fewer bidding wars, better negotiating power.
- Sellers: Still possible to sell, but accurate pricing and marketing are crucial.
- Investors: Attention needed on segments like condos, where oversupply is pushing softness; opportunities may lie in lower-priced homes and in-district properties.
- Market Watchers: Keep an eye on mortgage rates, economic signals, and upcoming inventory trends—especially multi-family supply.