We're breaking down the latest data from Delaware's Bright MLS to see what's really happening with home prices. With a rising supply and falling demand, we might be looking at a market correction. I'll explain the numbers and what they mean for you, whether you're buying or selling a home. Stay informed and ahead of the game. For a closer look at the data, you can check out the Bright MLS report:

Link: https://drive.google.com/file/d/1e6Tk...

0:00 Delaware Housing Market Update
0:12 Variables Affecting Home Prices
0:21 Data Source
0:33 Key Factors for Price Drops
1:00 Supply Increase in May 2024
1:41 End of Market Inventory Analysis
2:08 Comparing April and May 2024 Inventory
3:08 Days on Market Trends
4:00 Potential Price Declines and Future Predictions
5:01 Impact of Interest Rates and Market Announcements
5:34 Conclusion: Staying Informed

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Zachary Foust | Loft Team