Real Estate Update: Sellers Return & What It Means for Buyers - Tom's Take 373

Locally and nationally, there's been a notable increase in new listings hitting the market. 📍 In the Philadelphia area alone, we've seen a 5.8% rise year over year. Nationally, 72,000 unsold listings emerged, with 21,000 immediately sold. 🏡 Although this is a positive trend, it's still 20% below pre-pandemic levels. 📊 Buyers, take note: 32.5% of listed homes have seen price cuts, offering room for negotiation. 👀 For sellers, there's still an opportunity to capitalize on high prices, especially with immediate sales at 22.5%. 👏 Remember, prices are still on the rise, making now a good time to secure a home. ⏰ With sellers re-entering the market, buyers have more options than before. 🎉 Ready to buy and/or sell? ➡️ Schedule a call with our team! https://calendly.com/tomtoole