The number of homes for sale jumped in January, as many home sellers came into the market with the end of the holiday season.
Accompanying the jump in inventory was a corresponding jump in pending homes as the buyers gobbled up homes that hit the market, indicating that there is no shortage of demand. Home pricing remained mostly flat year over year, even with the increased demand showing that the impact of rising interest rates is taking its toll on price appreciation. As you can see, my team and I monitor the real estate market daily and because all real estate is hyper-local, we individually analyze the market for each of our clients to help them to understand and best take advantage of their specific situation. If you or anyone you know is thinking of buying, selling, or investing in real estate, call us! We can help…Helping YOU is what we’re here to do!