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Market Update: February 2023

Hey there! It’s the month of LOVE and we are coming out of the freeze! Well… not with the weather but with buyer activity!

Now that rates have stabilized buyers are jumping back into the market and the message is: sellers — don’t miss out! It is an excellent time to be on the market as buyer demand has picked up and homes are going under contract quickly again. The historical average for mortgage rates since 1990 sits right about 6% so this very likely could be our new norm and buyers seem to be settling into that idea. Should inventory stay low, we could find ourselves at a similar place over the next few months.

If you are questioning what the best move is for you, give us a call to help you decide!