Forty-one out of 53 markets in the U.S. reported that buyers see significantly less competition and greater inventory during this time.
In general, buyers face 26% less competition across all markets while inventory increases by 6.1% during the first week of fall, compared to the average week of the year. These effects are most notable in the West, where buyers see 29.6% less competition, followed by the Midwest , the Northeast and the South .
People are buying up the entry-level homes on the market, which leads to a decrease in inventory below $200,000, while new construction adds to the luxury inventory, he said. “There [are] a lot of opportunities for luxury buyers,” he added.On the market level, the data shows that Portland-Vancouver-Hillsboro, in the Oregon-Washington market, saw a 35.
Source: Real Estate Daily Report (realestatedailyreport.net)
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