Posted: 16 Sep 2013 04:00 AM PDT
The shortage of homes for sale earlier in the year created an imbalance of supply to demand which resulted in double digit year-over-year price increases nationally. According to a recent Wall Street Journal article, the inventory of homes for sale is now beginning to reach more normal levels. The article reported:
What about Home Prices?
This doesn't mean prices will collapse. The inventory levels are still depressed, just improving. As the article mentions:
However, as we mentioned last week, properly pricing your home in this market can be tricky. You should depend on the advice of your real estate agent.