Not gonna call this a shift in the market but watching as closely as I do, Im seeing something I have not in a while. Im starting to see a steadier, bigger stream of nice 1st or 2nd level move up homes hit the market. Not the entry level but 4 – 5 BR with 3 – 4 baths and 2400 to 4000 sq ft nice homes hit the market in noticeably larger numbers. It should show up the data soon.
This will be a good test for the market. Lately we have had them dribbling out with a big group of buyers fighting over them. Now there will start to be more for them to choose from and we will begin to see how deep the buyer pool is. I think the market will absorb them easily for the time being.
The question is do the flow turn into a torrent? Anecdotally Ive seen some coming up from people I wouldve thought were dug in for a long time. Prices have risen to levels that are starting to get the attention of long term residents who may be tempted. One near and dear to me is about to hit the market and Im very happy it is. I’ll just leave it at that
