We have access to some new market data snapshots, and we'd love to know your thoughts.
Let us know if you prefer weekly, monthly, or both>>
Although we continue to struggle with inventory (April's listings were down a whopping 28% from April 2022's already low numbers), we did see a minimal increase compared to the previous month. Also, when I call to schedule photography shoots and staging for my new listings, their lead times are much longer, so I think we will have more to choose from this Summer. Partly, this matches our historic seasonal trends, but if we have learned anything, it is that things are not always reliably consistent.
Pending and closed sales are down 28% and 38%, respectively, so the lack of inventory and higher interest rates have also hit hard on the sales department. That being said, listings priced appropriately continue to attract multiple and sometimes over full price offers, as the market is hungry for quality properties.
View the most recent market action report here>>