Berkshire Hathaway HomeServices has released its video market update for Vinings real estate in April.
What I notice most is that things that have been sitting on the market are finally moving as prices have dropped to accommodate what buyers are willing to pay. New listings coming on the market (if priced correctly) are selling immediately. Buyers that have been sitting out there waiting for something to come on the market this spring, are finally buying. I think you’ll see a big uptick in these numbers come May for closings. The dramatic drops you’re seeing are due to lack of new inventory entering the market.