How has our market been affected by higher interest rates? Things are definitely changing, and if you’re planning on buying or selling a home soon, you need to know how. That’s why I’m sharing the latest market statistics from our area and explaining what they mean for buyers and sellers.
You can listen to my full market update in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:35 — How interest rates have changed since December 2021
2:11 — Home affordability has taken a dramatic hit
2:32 — Active homes in our area
3:38 — We are still technically in a seller’s market
4:32 — A closer look at affordability
6:22 — We still have plenty of buyers, but demand has dropped at all price levels
6:59 — Wrapping up today’s topic
If you have questions about this or anything else, please call or email me. I am always willing to help!
