Hello again,
As we enter the middle of the Spring selling season nothing much has changed. The golden handcuffs (3% interest rates on their current mortgage) as I call them continue to keep homeowners that want to sell on the sidelines. Despite this, home prices still remain strong and even ticked up slightly last month and the total number of closed sales increased slightly from the previous month. Inventory did increase a little bit but that is normal during the Spring season despite interest rates staying high. Days on the market surprisingly came down from 18 to 15 days.
I hope you have a safe and relaxing Memorial Day weekend. Stay tuned for next months update.
See full market statistics attached below and don't ever hesitate to reach out if you have any questions about your home value, market conditions or a real estate related referral.
https://fmls.stats.showingtime.com/infoserv/s-v1/xbsq-yDT
https://fmls.stats.showingtime.com/infoserv/s-v1/xbs8-xbQ
https://fmls.stats.showingtime.com/infoserv/s-v1/xbsf-K1S
https://fmls.stats.showingtime.com/infoserv/s-v1/xbsT-w7Z