For the last few years, buyers often outnumbered the supply of homes for sale, allowing prices to escalate rapidly, but that's no longer the case.

Buyers were faced with higher mortgage rates, increased inventory levels, and bold predictions of major price corrections last fall, prompting many to postpone their home search until after the first of the year.

Buyers who had been on the fence in recent months have gotten serious.

They can go they can take their time and when they find the right thing they can move forward. There is money available. There is product out there. It is a good time to be a buyer.

It's a balloon, not a bubble. Balloons inflate and deflate; bubbles burst.

The accelerated sales pace of recent years has all but ended, and we're returning to a more normal market.

Our strong seller's market has been replace by a more balanced one that will help stabilize home prices.