As we head into the spring selling season, the local housing market is showing signs of balanced conditions after several years of intense competition.
What Buyers Should Know
- Inventory levels are up 15% compared to last spring
- Mortgage rates have stabilized in the mid-6% range
- Multiple offer situations are less common but still happen in desirable neighborhoods
What Sellers Should Know
- Pricing correctly from day one is more important than ever
- Homes that are well-staged and professionally photographed sell 20% faster
- The first two weeks on the market are critical for generating interest