It’s a strange spring, real estate-wise. The good news is that interest rates are slowly and steadily trending downward. The same-old news is that inventory is still extraordinarily low. There are buyers out there who aren’t afraid of the interest rates and seem to understand that our new normal will never be 3% again. The best plan continues to be to get into the market if at all possible. But what do you do when there’s nothing to buy? I think it’s the old slow and steady wins the race approach. Show up every week, put your best foot (offer) forward, revisit listings from last week or a few weeks ago that are still (miraculously) available and reconsider whether they can work for you, and keep plugging! Give me a call if I can help, or if you need a shoulder to cry on. 😥
Market Snapshot: February 2023