1. Surging Home Prices
More than 80% of Metro areas experienced home price gains, with some markets posting double-digit increases.
2. High Demand
With less homes on the market, demand for available homes is higher than ever. It will take 2.8 months to move the current inventory level, well below the desired pace of 6 months.
3. Market Optimism
With inflation on the declined and the Federal Reserve sending promising signals, there is optimism for dropping mortgage rates.
There are positive signals indicating a stronger housing market in 2024.
Are ready to take advantage of the change in the market?
Reach out today to discuss the possibilities!