Housing markets that have been heavily tilted toward sellers for extended periods require time to rebalance, with significant shifts typically becoming noticeable only after multiple seasonal cycles; the speaker predicts that the current housing market will show a notable shift next winter, with inventory building and buyers gaining more negotiating power, though most people may not notice the change until it becomes mainstream.
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Prediction: CT Housing Market Will Look Different Next WinterAdded:
That's my prediction. Next winter is when we're going to really see a notable shift.
Market Stats Monday. Simply stating that we're starting to see a very minor shift. Most people won't even notice it because we were so extreme on one end.
It's going to take a long time before it even hits the mainstream. We're going to get through the end of summer, we're going to hit another winter, and that next winter is when we're going to really see a notable shift. We will come out of the next winter into a different market than we're in today. That's my prediction. We'll see if we were right.
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