Current Trends

Inventory and interest rates remain primary market disruptors. Active and pending listings represent a mixed illustration this quarter when compared to the fourth quarter 2022. The $500k-$1m price points have seen a slight uptick in inventory, while the $1-$2m and $2m+ categories have seen slight increases in certain markets and equally slight decreases in others. Interest rates have had their fair share of volatility over the last few months with rates ranging from the upper 5%’s to the 7% range. At the end of the first quarter, the inflation numbers suggest a more stable environment may be on the horizon in the upcoming months.