TOP 10 Rankings
Cooling Market Rankings – houses
These are out TOP 10 cooling markets for May 2022 ranks markets that are now starting to cool. Markets have been selected based having at least 100 current houses listed for sale, a reduction in median asking prices from last month (using a rolling 90 day sample), current inventory levels higher than 3 months, trending inventory levels (increasing from last month to current month) and days-on-market (increasing). The list is then sorted based on the largest change in inventory levels from last month. Some of these markets may have scored well on investor rankings previously. Sellers in these markets now need to be realistic with listing prices as the balance of power may be shifting back towards buyers. Buyers will now see extra properties listed, improved choices and easing prices.
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