That's right, our real estate market is shrinking. Two years ago, the City of Mansfield was issuing 121 building permits per month, now that number has shrunk to less than 200 per year. Builders are still building, but only if their inventory has been purchased.
That is good news for sellers , less inventory means higher prices. Mansfield has had stable prices and that is also good news, so when the inventory is low, the quality neighborhoods and better housing is more in demand.
Don't let the purchase you want slip away.
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