We had a flurry of buying activity over the weekend purchasing 29% of the inventory present on the market! This is great news showing that buyers are buying and sellers are selling and the market is still as strong as ever.





I do expect the inventory to replenish itself this week as we only ramp up from here going into the summer. In general, you can see from the graph below that we are already approaching levels equal to 2021 so inventory is growing.


Sales prices are still rising albeit slowly with average prices hovering around $629,000.



Average days on market from list to close is 35 days.

The biggest change that we are seeing marketwide is more room for negotiation on the list side. Since the market is stabilizing, sellers are compromising more in order to get the deal done creating a more balanced scenario.


Stabilization of the market is good for both buyers and sellers. Everyone wants to feel like they are getting a fair deal with time to make an informed decision. 

It's nice to have a bit of normalcy to negotiations as well and not the frenzy of previous years.

Enjoy your day!