December Market Update
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December Month of Inventory
On 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 ReadingNovember Inventory Numbers
In 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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