Inventories are up, primarily due to more properties coming on the market.

by | Apr 16, 2023 | Market Conditions

This is a typical seasonal event, as many of the new listings are new construction. Pending and contingent sales are up slightly. Time to sell is down a few days. Price adjustments are mostly steady, and indicate a stable market for pricing. Mortgage rates are just under 6% for a 30 year mortgage and about 5.5% for a 15 year.