Are your taxes done? If so, bravo! If not, you've got a few hours left to either finish or ask for an extension. In other news, what a difference a month makes. Last month, mortgage rates were headed down (slowly) and inventory was climbing. Now, due to lots of reasons -- world events being a major contributor -- mortgage rates have started back up and the Fed has sort of indicated a rate increase is coming. Though, I've also heard the rate stays the same or decreases. 🫤
Per the latest NWMLS (Northwest Multiple Listing Service) report, inventory is continuing to increase -- 29% over last year. But, even with all those new homes available, we continue to be in a seller's market, statistically. The Median Sales Price dropped $10K from last year ($650K to $640K), which is not typical of a seller's market.
As always, buyers are still buying and sellers are still selling. I'm available to talk about your plans and/or anything I've mentioned above.
Until next month...
