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Market softens

The normal seasonal softening has taken place, however demand for the short term has not wanted. The demographics however are shifting slightly. With rates lowering things have taken a less than severe downturn. Prices remain strong.

 

What will next year bring?

You'll likely see a continuing decrease in new construction activity as the peak of the market continues to plateau and we start to head back down. Prices will remain somewhat strong as there is no indication of strong inventory spikes this time of year. With interest rates and the economy and the political landscape all top of mind, real estate will likely move along unnoticed.