January 16, 2024

One year ago, we predicted the local real estate market would increase 1%-3% in values, inventory would improve slightly, and there would be a 5% bump in total sales. We were correct with the first two, but missed the mark on the number of sales as we underestimated the impact of ultra-low mortgage rates on […]

Looking Back at 2023 During the first quarter of 2023, we saw our local real estate market adjust substantially and rapidly. The key metrics we track showed a shift from a robust seller’s market towards a more balanced market. The surge in mortgage rates over the past couple of years put buyers and sellers on