Demand is flat, why does it feel slower?

Originally published on Substack

I was talking to a broker yesterday, and he said, “It’s SO SLOW.”
I thought, It does feel slower—but why?

After all, demand is flat compared to last year. Granted, last year was already slow, but this feels even slower.

That’s when it hit me:
We have 2,251 more active listings—chasing the same amount of demand.
In the past 31 days, there have been just 2,504…

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