Inventories will move up from here.

Sales will be steady as interest rates become normalized. Prices could hold steady as demand absorbs most new listings, although the demand in some price brackets is higher than supply and will drive prices higher. Not much change in general is expected.

Inventories will remain steady.

New listings and sales balance each other. Prices will be flat, and likely to remain so for most price brackets, although we may see softening in the $500,0000 to $1,000,000 range, as it’s difficult for move-up buyers to adjust to higher mortgage rates, which will...

We should see inventories increase.

This is seasonal activity, plus buyers with homes to sell are comfortable putting their home on the market while they look for a new house. This is a change from the standard over the past few years. We are approaching a normal market. Days on the market to sell is a...

Inventories will move up as we approach the fall market.

People want to get moved before winter season and the Holidays. Sales will continue on a steady path for the lower and upper price ranges, but the mid-range may see slowing as the move-up buyer pushes back on rising mortgage rates. The economy in the Sioux Empire...

We will see more listing activity.

This is typical of the summer market where people are more comfortable putting their home on the market while looking for something new. This is a big change from 2-3 years ago. Prices will be flat for the year as buyers push prices down to compensate for the higher...

Inventories should move up.

We will see more sellers putting their home on the market before they find a replacement. The market is slowly moving to a balanced market, taking us back to normal behavior for those wanting to move and presently own a house. Prices will follow inflation. It’s...

Inventories might move up slightly…

There were fewer new constructed homes being built this past winter and that will have an impact on the market. Normal spring activity with existing homes will come alive after Easter. Mortgage rates will stay in the 6% plus range for a short time and slide slightly...

Spring market is here.

We will see more new construction and existing homes hit the market within the next few weeks. There is still a strong demand for homes. Buyers are looking for lender creativity but will be happy with 5% loans. Inflation is not going away; home values will rise all...

March is one of the busiest months of the year.

There are plenty of buyers ready and willing, all they need are houses to buy. We expect more listings to come on the market as spring approaches, although the inventory levels will take time to get up to a good level. There are now 618 properties for sale, doubling...

The Fall market is always active.

We expect this year to following suit. The number of homes for sale will increase. Expect more properties to come on the market. Sales and pricing should remain steady.

We’ll see more listings coming on the market

This will come from buyers who were afraid to list their house without having a new home purchased. Apparently, they feel more comfortable with choices now, and realize it’s important to sell first. This is a healthy market move. Sales will remain steady. Mortgage...

New homes coming on the market will be steady.

Sales will be strong, but we can expect to see some buyers pull-back and pause, waiting to see what the economy and rates will do. I doubt if we’ll see home prices drop, although we are headed toward a balanced market and sellers are starting to lose their advantage....

Rising Interest Rates

The Federal Reserve has decided it’s time to fight inflation by raising interest rates, thus mortgage rates will follow. It’s unfortunate the Federal Reserve can only control monetary policy when we also need a new energy policy to help push prices down. That doesn’t...