The market is slowing up!
We are, however, still seeing reasonably large groups still looking, but they are walking away more and asking, “do you have anything else”. They are effectively saying, “this one isn’t for me”, or possibly “I have a bad case of FOOP” (fear of overpaying).
If people fear overpaying, their natural reaction is to sit tight and wait. So if you are buying, we may now start to see elevated stock levels as the home buying cycle slows.
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