Inventories increased slightly over the last two weeks.

by | Jun 15, 2024 | Market Conditions

About the same number of new listings came on the market, yet we had a few sales less than previous. Days on the market are unchanged. There are more price adjustments which usually indicates prices are falling, yet the stats don’t reflect that; most likely the asking prices might have started too high. Mortgage rates are under 7% and moving slowly down as the national housing market continues to weaken and fewer loans are written.