Just wanted to share some interesting information as the rates fluctuate and the housing market normalizes. Some interesting factors to take into consideration. There has been an increase in inventory of 10-12%. This also aligns with the days on market. Which is what we would expect to see with the rise of interest rates. The days on market have also increased over 100%. These are averaging around 40 days. So take that into consideration, it’s more of what we would see in a normal market. We have also seen increasing prices of 15%. So this tells us there’s an opportunity for sellers and buyers to potentially capitalize. There are always micromarkets within the market, some areas yield higher prices and still get multiple offers, while other neighborhoods…
