What’s Trending March 2024 Featured

The number of sales declined slightly year over year. Last year in February 66 less homes sold. Not a significant difference there. Month over month we are up. There was a drop in sales at the end of last year and into January of 2024 due to the peak in interest rates in late fall. As rates have started to come down, sales have picked back up. The number of pending sales is down slightly as well.

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One thing that keeps the market pretty stable and things selling quickly is the low inventory. So despite the lower number of sales there are also less homes available today than last year, keeping the overall market feeling pretty stable. Overall it feels very normal out there. Buyers make an offer, seller counters, and we find an agreeable price. There's finally a little room for negotiation which is a nice reprieve from the market of the last few years.

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