We make choices every day, all day long, and into the night. Do I stay up and watch a World Series Game go into extra innings? Do I get the Fish & Chips on Friday? Do I buy the resale property or buy one out of the builder’s inventory? One’s choices are a little like one’s costume on Halloween. Do I buy one off the shelf, or do I make the “head on the platter” costume? We could argue that we have too many choices. 31 Flavors didn’t fair too well with so many choices.

When we consider this in terms of the home search, we have a wide range of neighborhoods, various price ranges, and locations both near and far. Yesterday, I was dropping off some meals in a section of Lakewood, and I was surprised by how many homes were “over-decorated” for Halloween. Choices, choices, choices!

Let’s take a look at all the choices home buyers and sellers made this week.

As the image above shows, the growth of supply has turned the corner and is falling in line with seasonal norms, characterized by fewer new listings. If rates fall off just a little more, maybe into the high 5s, we could see a shortage moving into the new year. That would help a lot of sellers!

As always, we’re here. One of us is out in the market every day. We are observant. We can help you spot trends and offer advice. Let’s talk… 303-773-3399 TheCryerTeam@Kentwood.com