Navigating Current Market Trends

Realtor Mike Freeman discusses the evolving trends in the real estate market, particularly in Norfolk County. Drawing from nearly a decade of experience and data up until October 30, he examines shifts in sales numbers, inventory levels, median prices, and absorption rates. The conversation highlights the complexity of the market and the importance of understanding these changes for buyers, sellers, and investors alike. Beyond the data, Mike also shares his perspective on new construction, advising against attempting to time the market.

Topics

00:32 Market Changes and Trends

01:53 Sales Data Analysis

04:13 Inventory and Absorption Rates

07:29 Future Market Predictions

10:10 Building Trends and Housing Shortages

16:14 Driving Pet Peeves

20:31 Contact Information and Closing Remarks