February’s sales, on average, were relatively low, signaling a potential shift toward a buyer’s market. This decline in sales suggests that demand may have softened, giving buyers more leverage in negotiations. As a result, many cities experienced a dip in home prices compared to the previous month’s sale prices. This ...
Continue ReadingThe first month of the new year has brought some promising changes to the housing market. With interest rates beginning to lower, there has been a noticeable increase in the average sale price of properties. This shift in pricing signals a positive trend for sellers and an overall upward movement ...
Continue ReadingOn average, December’s numbers reveal an improved sold-to-active listing ratio, indicating that less inventory is being carried over into the next month. This shift is accompanied by an increase in property values compared to the previous month, which can be attributed to the recent decrease in mortgage rates. The lower ...
Continue ReadingIn November, there was a noticeable increase in the number of active listings on the market, which played a key role in shifting the overall inventory levels. As a result, these higher levels of available properties brought the market closer to a more balanced state. In some areas, this uptick ...
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