Note sull'episodio
Spring is here and we’re giving a market update. NAR has been reporting that new builds are up so that tells us that builders are gaining confidence in the market nationally. It’s no secret that demand for housing is still extremely high. Here locally, we provide recent stats on how the market is changing. In certain price ranges, we are still getting multiple offers and homes are going under contract within days. However, the average days on market in our tri-county area is up to 30 days. Interest rates are becoming more tolerable for consumers which is fueling the high demand. At first, the interest soaring to over 8% was a shock for would be buyers. Now that they have flattened and even come down some, buyers are back in the market. High demand + low inventory = prices staying high. Basic supply and demand. As we enter the spring ma ...