How our current market compares to the stats from last year.

Where is our housing market going? Things have definitely changed recently, but what does it all mean for you? To find out, I’ll take a look at our current housing numbers and compare them to last year’s. 

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction 

0:41 — Inventory is going up

1:21 — This market shift is due to higher interest rates

2:20 — How our absorption rate has changed

2:53 — Many sellers don’t want to list because of interest rates

4:22 — Our market is normalizing, but that’s okay

5:21 — A lot of buyers who took a break are coming back to the market

6:14 — Some encouraging stats from our current market

7:08 — The multi-family market remains relatively unchanged

8:16 — What this means for buyers and sellers

9:26 — Wrapping up