Home prices continued to climb in December as limited inventory prolongs Buyers slim choices as 2023 wraps up. A majority of Sellers are selling at the asking price or above in about two weeks, and most did not offer concessions. As we move into 2024 news of inflation beginning to subside and an election year on the horizon should bring interest rates down slightly. With real estate being local, it's important to work with a local expert that understands the changing market.
Although a lower number of homes are going under contract and fewer new resale listings are coming on the market, the sales activity for new resale listings going under contract within a couple of weeks remains resilient. I have guided valued clients through market balancing times like these for over 39 years, delivering trusted expertise and exceptional results every step of the way. Whether you're seeking to better understand the current market or are considering a move I invite you to contact me to discuss your real estate needs.
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