Market Slows Declines and Balances - Interest Rates May Continue This Trend

 A 'balanced market' is when supply (inventory) and demand (sales) are in relative balance.

It's actually quite rare, as shown in chart below:

So here's the current snapshot in more detail:

BUT, hold the phone...

We can 'see' it by city (if you can sort the colors) - but the merits of the chart below is in the trend line and how parsing by city, just on the face of it, suggests that, while the trend is roughly the same, there are significant differences in city markets that will impact buyer and seller decision-making:

You can see it more clearly in the Friday CMI updates, where I've annotated the demarcation between sellers, balanced and buyers markets:

Takeaways 

• While we could say it's a 'balanced market', once again that broad brush is inadequate to the task of accurately reflecting market conditions and thereby the implications for buyers and sellers.
• Client conversations can be enhanced in being informed by the CMI 'context' .