How’s The Market?

I saw a New York Times headline this week that implied the market was slow because “sellers are unwilling to lower their price.”

The implication is that if sellers dropped prices, we’d have more home sales.

But that’s not true. We already have more buyers than sellers. Home buyers are buying at these prices. This is a supply-constrained market. Homeowners are simply unwilling to sell at all.

Check out this week’s Altos update for the latest on pricing, inventory, and more.

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