Today I’m giving you a quick look at what’s happening in our real estate market.

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What’s going on in our market?

We are currently in a seller’s market with a little under three months of inventory. The average days on market is at about 60, which means homes are selling on average in about two months.

Last month we listed a home downtown for a client that got 16 offers within the first 48 hours. In short, buyer demand is incredibly high.

“We need more properties on the market to give the buyers some options.”

Interest rates are sitting around 4% and are expected to rise, but the demand is still high and supply is low. We don’t have enough homes to sell right now. With buyer demand so high, we need more properties on the market to give the buyers some options.

If you have any questions or are looking to buy or sell a home, don’t hesitate to give me a call or send me an email. I look forward to hearing from you.