June 1, 2023 Mortgage rates jumped this week, as a buoyant economy has prompted the market to price-in the likelihood of another Federal Reserve rate hike. Although there has been a steady flow of purchase demand around rates in the … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 20, 2023 The number of homes available for sale was up 48.3% year-over-year in April, according to Realtor.com’s latest Monthly Housing Market Trends Report, although inventory remains well below pre-pandemic levels. Inventory increased in 42 out … Continue reading
Mortgage Rates Continue to Increase
May 25, 2023 The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week. Dampened affordability remains an issue for interested homebuyers and homeowners seem unwilling to lose their low rate … Continue reading
April Monthly Skinny Video
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 13, 2023 May is the best month to sell a home, according to a recent analysis by ATTOM Data Solutions, which found that, on average, sellers saw a premium of 12.8% above market value when selling … Continue reading
Prices dip for first time since 2012 but sellers still receive over asking price
The median sales price was down 0.7 percent to $367,500 The average market time was up 60.7 percent to 45 days New listings down 27.9 percent; pending sales down 28.8 percent (May 17, 2023) – According to new data from … Continue reading
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