With an absorption rate of 4.13 in May, the CDA area continued to be a seller's market overall. However, homes priced in the range from $600K-$900K and $1M-$2M are currently "Balanced." Although this is mostly a seller's market, it is not the market of last year and, in many cases, buyers across all price ranges are finding that they have leverage to negotiate. If you are looking to buy or sell, now might be a great time for you to begin that process.
