Housing inventory drug along at super low levels once again in May. And, despite rising interest rates, prices did not seem to be affected, as the trend of multiple, higher-than-list price offers continued. So clearly, the number of buyers looking is still much higher than the number of homes available for sale. This trend will continue until prices and interest rates go high enough to cause buyers to give up on their pursuit and put their home buying dreams on hold.
Thinking about buying or selling (or maybe both)? Wondering how the current market conditions might impact your plans? I am happy to share with you what to expect and how you can best prepare.