How One-Sided is Todays Real Estate Market?

The real estate market may be more one sided than you think. According to The Greater Lehigh Valley’s Association of Realtors most recent market update, the Lehigh Valley currently has less than one months supply of inventory. That means if there are no more new listings, we will be out of houses in less than a month! It is obvious that we are in a seller’s market, but just how far away from a buyers market are we? Well, in order for the real estate market to be considered a ‘Buyer’s Market’, there would need to be at least six months worth of inventory. Going from less than a months worth of inventory to six months worth of inventory is a huge gap to bridge, and it wont happen overnight.

It is yet to be seen the how rising interest rates will ultimately affect the market, but so far rates of 5.5 – 6% have been unsuccessful at cooling the market

If you are a buyer that’s waiting for the market to turn, you may be waiting longer than you think. Stay tuned to see how this historic real estate market progresses.

Kyle Wagner | REALTOR®, SRS, ABR® | License #RS344952

Better Homes and Gardens Real Estate – Cassidon Realty

632 5th St. Whitehall, PA 18052

Cell: 610.295.7835 | Office: 610.266.2661

Email: kylewagnerrealtor@gmail.com