Weekly Market Update 06/25/2021

This week I consider the resale side of the business and one easy way for a buyer to not get their offer accepted. Buyer demand has slowed since its six-month peak in early March 2021 but the supply is still at historic lows. Luxury homes are starting to sit a little more however, the barrier for entry for first-time homebuyers still continues to go up. The market doesn’t show signs of slowing down with inventory being as low as it is.