We find ourselves in a notable departure from the red hot market of the past two years. This shift is particularly evident during what is typically the busiest time of the year for real estate. A glance at the data reveals a significant decline in sales during April.

While we may sound repetitive, it is important to emphasize that this decline can be attributed to the limited number of homes available for sale, rather than a lack of buyer demand. Homeowners appear to be more hesitant to sell their properties compared to the active period during the pandemic. Some may be cautious about relinquishing their low-interest rate loans, now that rates have increased. Conversely, buyers have adapted to the higher rates and are eager to enter the market.

Given the scarcity of sales data available, it becomes challenging to ascertain clear price trends. As always, we continue to monitor the market closely, provide updates, and suggest you contact us for current information and help in making the right decision for you and your family. Please reach out any time.

Number of Sales Comparison