Trends
How do tight inventory markets affect home prices currently?
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Answer
Tight inventory markets, especially in high job-barrier metros, continue to command multiple offers and maintain strong home prices. Demand outpaces supply for move-in ready listings, keeping competition high despite broader market softening. Buyers may still face bidding wars in these hubs. Sellers benefit from reduced need for price cuts, and buyers must move quickly and be pre-approved to compete effectively.
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