Found 1 blog entry tagged as 2018.

This month's real estate snapshot was telling, and may forecast some big changes in the future.

Active listings were way up in May. At 1,892, this represents a high we have not seen in several years. This would not be so noteworthy if sales were up as well, but closed sales have stayed flat for four months now while active listings continue to rise. Closed sales remain stagnant at just about 300. Obviously, lots of homes listed have continued to go unsold.

It appears (though we'll have to follow this trend in the coming months) that demand may be slipping on the buyer side. Home affordability has really become an issue. Average home sale prices were down about $10,000 to $566,449.

But this is not cause to panic for sellers- we've seen…

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