Interest rates, inventory levels, and buyer demand are key factors influencing the real estate market. Currently, rising interest rates are affecting affordability, making it more expensive for buyers to finance homes. This can lead to a slower pace of sales and potentially lower home prices.

Inventory levels play a significant role as well. Low inventory creates a seller’s market, driving up prices due to high competition among buyers. Conversely, high inventory can lead to a buyer’s market, where buyers have more options and potentially more negotiating power.

Buyer demand is another critical component. Strong demand, fueled by factors such as economic growth and population increases, can lead to higher home prices and quicker sales. However, if demand wanes due to economic uncertainties or higher interest rates, the market may experience slower sales and price adjustments.

Contact us now at Hello@TheHighlandCompanyRE.com to discuss how these factors are impacting the market and how we can help you navigate your real estate needs.