Speaker 1: It is time for your true real Estate nine to
Speaker 1: one one midweek update with your local real estate pro
Speaker 1: Lisa True. Lisa, you were telling us to lead up
Speaker 1: to the election, it was natural for there to be
Speaker 1: a bit of a pause in the local real estate
Speaker 1: market as people are trying to wait for political direction.
Speaker 1: Then we anticipated, given the outcome of the election, that
Speaker 1: we would see the floodgates open. You're starting to see that,
Speaker 1: tell us what's going on.
Speaker 2: Yes, Brian, the numbers from October is exactly what we
Speaker 2: said they were going to be. Inventory for single family
Speaker 2: homes listen to this went up to five months. We
Speaker 2: have not seen that for many, many, many months. And
Speaker 2: the nice thing about that, if you're a buyer, there's
Speaker 2: still a lot of choices that maybe weren't there if
Speaker 2: you looked last year, prices went down just a little bit,
Speaker 2: not really a whole lot there. The medium sales price
Speaker 2: was six twenty one five for a single family home.
Speaker 2: So what does that mean you? Activity is now up.
Speaker 2: If you are you're a buyer and you're just waiting
Speaker 2: and waiting and waiting, or you're busy with the holidays,
Speaker 2: this is really a great time for you to get
Speaker 2: out there and benefit from more choices before season starts,
Speaker 2: which is almost here. We can already tell it from
Speaker 2: our roads, right.
Speaker 1: No doubt. And you talk about the amount of available inventory, yeah,
Speaker 1: five months, My gosh, I feel like we have to
Speaker 1: go back to like the early months of COVID the
Speaker 1: last time we were at that level.
Speaker 2: Yes, I mean last year we were still in the
Speaker 2: three months of inventory range. It is really a great
Speaker 2: time to be a buyer now. That doesn't mean that
Speaker 2: prices are crashing. You can see that in our media
Speaker 2: and sales price. It's just you have more choices, more options,
Speaker 2: and you can actually get into a home and not
Speaker 2: have multiple, multiple offers.
Speaker 1: Truser here to help you. Give them a call five
Speaker 1: six to one, ninety seven to two eighty three twenty six,
Speaker 1: visit True real Estate nine to one one dot com,
Speaker 1: or just google a true group that's tr EU group