Inventories increased, although the number of new listings didn’t change much.

by | May 15, 2024 | Market Conditions

This is because fewer sales were reported. Days on the market continue at a steady pace. Prices in the lower brackets are going up. Prices start to soften the further up the bracket we go. Mortgage rates have come down slightly this week and are approaching the 6.5% range for a 30 year loan. We expect this to be the high for the remainder of the year.