The biggest question I get is will the market crash? Is the bubble going to burst? My answer is definitely no and the state of the market is extremely strong. Sure rising interest rates have slowed the total number of sales as you can see in my previous blog post. However, the silver lining is the fact that inventory is still historically low. Take a look at the chart below that reflects months supply of inventory for Metropolitan Atlanta through October 2022. We are currently running at 2.4 months supply of inventory. This is up from 1.1 months supply at the beginning of the year. Now rewind to 2007-2012 (The Crash) when the months supply of inventory was anywhere between 8.3 and 10.4 months. See the difference? Even with higher interest rates and a lower number of closed sales, the average sales price is still holding strong and I expect this to continue with current inventory levels. There are a lot of positives here for both buyers and sellers. On the buyer side there is less competition. When you see a home you like you are not competing with 25 other offers on the first day of the listing. On the seller side, homes are still selling at 98.5% of asking price and average days on the market is still only 15 days! Stay tuned for more monthly market updates and real estate related information. As always feel free to reach out with any further questions or if you are in need of a real estate related referral.