We are seeing a little more activity in the local real estate market. The number of new listings is up and so are prices. This is normal for February. The number of days it takes to sell a house is up slightly month over month.
Mortgage rates are still high at an average of 6.63% (Freddie Mac), but are trending downward. However, they will remain high for the next year. If there is a recession or what I like to call a “Trump Slump” rates may improve. Our economy doesn’t like uncertainty and we have plenty of it with on-again and off-again tariffs and more.
Here are home prices by neighborhood using data from the NorthstarMLS which is deemed reliable but not guaranteed.
For more local numbers please see “Local marketing conditions and home prices“
