I still see houses going up for sale at this time in Oct. '21. Frost hasn't hit yet, we are in a drought, still, yet the real estate market remains brisk for sellers(?) here in Madison, Wis. at least on the surface. If it's brisk for buyers then they are in the real estate business or investors of sorts and are trying to flip in a hot market.
Sometimes a contractor group will rent a house and fix up that house for sale in this market, for themselves or some owner. I would be mildly interested in where in heck these sellers are moving to, another fix up and flip or what? If some move out of rental homes, those homes are thrown on the market since it's still hot for sellers. Usually sales cool down with the winter weather in a couple of months. I think it should anyway.
Yeah, it's a near perfect storm of crap. Pandemic, weather fubar, drought, and ridiculous appraisals on real estate which you know is going to give all the Karen's and Ken's in government an excuse to rip us a new one at next tax time. That is unless your local government has already been busy, like ours, figuring out new and improved ways to gouge us while explaining their endless crying tales of budgetary woes in cobbled together managerial PC boilerplate press releases. <hurl chunks here>
The real estate logjam? In a nutshell, hope it breaks before the river runs dry in a prolonged drought.