2 Markets. 2 Different Directions. Luxury vs. Starter/Trade-Up

Some Highlights:

• An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
• Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.
• Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months.

Have questions about the market, the value of your home, or whether it’s a good time to buy or sell a home? Call or text Troy Stavros with CornerStone Realty Associates directly at 865-999-0925 or through our contact form.