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Inventory appears to be holding steady. New listings continue to dribble on to the market each week which is keeping the buyers engaged.

As you can see from the Local Market Stats below, many homes have continued to go under contract in the last few weeks in spite of the rise in interest rates.  While we know that the market has definitely slowed down, it is still remains vibrant. 

What we are seeing is that homes that are blatantly overpriced and do not show well are sitting and not receiving any offers. The buyers out there are more discerning than they were previously. You cannot list a home that has inherent issues, shows poorly and is overpriced and still expect someone to grab it up.

In the coming weeks we will be able to get more information as to the continued strength of sales and also see what kind of summer we should be expecting. 

One tip I would like to put out there is that if you have decided not to buy now because of crazy bidding wars, you may have an opportunity to reconsider your plan.  The bidding wars on many homes are not as crazy as they once were.  Give it another try!