this post was submitted on 22 Nov 2024
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So many factors.
Sellers may have sat on the sidelines when rates went up and sales went down. As inventory climbs, pressure grows and prices come down. Declining prices can scare sellers who come off the sidelines before prices come down further. Rates and prices coming down brings back buyers which drives up prices. Which forces dominate in any given month? For how long? No easy answers in advance.