Inventories are up.

The number of new listings coming on the market is up slightly. Sales are flat. Price changes are the same, but the last month has had an increase. This along with days on the market indicates a steady market for pricing. Mortgage rates were up slightly.

Inventories are steady…

The number of new listings coming on the market are comparable to the past few reports. Sold/closed properties and pending sales remain consistent. Mortgage rates are in the 6% range for a 30 year loan.

The year ended without a bang.

Inventories were down, new listings coming on the market were down, pending and contingent sales were down, off the market properties were up, and days on the market were up. All of this indicates a boring market…it’s what happens during the holidays. All in all, the...

Inventories are increasing…

Fewer homes coming on the market, fewer sales, and more price adjustments reflects the past two weeks. It appears we are experiencing a seasonal/holiday affect as well as a slow-down in activity due to higher mortgage rates and consumer confidence.

Inventories Are Up

More new listings hitting the market. Sale pendings are up slightly. Mortgage rates took a fairly steep rise, 5.25% to 5.75% range. There are many different programs for financing available and easy to fit your timeframe and plans.