What Have We Seen In the First Few Weeks of 2023?
❓ What is happening in the real estate market the first three weeks in January?
📌 In the last update, we saw a weakness in inventory and a weakness in buyer demand.
📈 Interest rates were continuing to rise.
📉 Now, we're actually seeing interest rates in the high 5s, which has motivated buyers to get out and look.
📅 We used to call the spring market March and April. Now, it’s actually starting significantly earlier.
👉 Interest rates have dropped a tad, and we’re starting to see a little bump in inventory–nothing significant.
👉 We're starting to see contracts.
❗ Sellers, we need your homes on the market.
👉 The majority of our listings are going with multiple offers and over-asking.
😀 If you have any questions about buying, selling, investing, or the value of your home–we’re here for you.