Is Stock Volatility Affecting Real Estate Momentum?

According to Realtor.com the median “days on market” is down 6% year-over-year and up 6% month-over-month at 75 days, which shows the season is naturally shifting to favor buyers as inventory moves more slowly than in spring and summer. A combination of market volatility pressuring rates and seasonal slowdown looks to be serving as an advantage to buyers as summer winds down. A temporary drop in demand in the luxury segment by those negatively affected by stock market instability might be just what strained would-be buyers need to gain the advantage in a market that has given sellers the upper hand so far this year. The hottest housing markets receive 1.8 to 3 times the number of views per listing compared…