In this video, I analyze the current state of the housing market and discuss whether housing prices are likely to decrease in the near future. By examining a five-year chart of the number of houses listed for sale in Connecticut,
I demonstrate a significant decrease in inventory. This low supply, coupled with increasing interest rates and affordability challenges, suggests that housing prices are unlikely to go down anytime soon.
I also highlight the inverse trend in median sales prices, which further supports the notion that more homes need to hit the market for prices to decrease.
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