This is a YouTube video titled "💫 Positive Trends in the Housing Market 💫" containing a monologue or single-speaker commentary from July 21, 2021, discussing recent positive changes in the housing market such as reduced bidding wars, pending home sales trends, and inventory levels. The speaker provides an analysis of market conditions and buyer experiences.
Hey, guys. Positive trends in the housing market. It's still taking a little bit of a bidding war to get your offer accepted, but now only 70% of offers are falling into that, as opposed to 80% back in April pending home sales, down 10%. More families are finding themselves on the sidelines, kind of waiting things out, making the competition a little more scarce for those that are in the market. And inventory is still down about 53% on the year, but up 11% from April. So things are headed in the right direction. This is meaning the average buyer is getting their offer accepted in just two offers, as opposed to three to five offers back in April. So, glimmer of hope, we've been waiting, waiting for it.
