What direction is our market set to take as we move into the new year? Let’s discuss.
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Many people are wondering about where our market is headed right now. First and foremost, there are a couple of trends that hold true across the nation: Inventory is seeing a spike, while sales and home prices have both decreased.
But what does the national market have to do with us here in Connecticut?
The truth is that certain nationwide trends will also hold true on a local level for us. Inventory, for example, is rising in our state, too. On the other hand, unlike in other parts of the country, we didn't see mounting appreciation post-recession. With that in mind, it’s possible that we may undergo some depreciation moving forward.
The bottom line, though, is that things will likely stay relatively flat for us in the future. The important thing is that we keep an eye on incoming supply, as this will be a major indicator of other statistics on the horizon.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
But what does the national market have to do with us here in Connecticut?
The truth is that certain nationwide trends will also hold true on a local level for us. Inventory, for example, is rising in our state, too. On the other hand, unlike in other parts of the country, we didn't see mounting appreciation post-recession. With that in mind, it’s possible that we may undergo some depreciation moving forward.
Certain nationwide trends will also hold true on a local level.
The bottom line, though, is that things will likely stay relatively flat for us in the future. The important thing is that we keep an eye on incoming supply, as this will be a major indicator of other statistics on the horizon.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
