We now have showing stats for the beginning of this year, and it is really close to last year… ahead by only 2.7%. Coming soon listings continued to increase while new listings slowed a bit and pending sales crept ahead only a little.
Looking at this year’s listing stats compared to last year, however, show that new and pending listings are so far lagging behind last year. At least coming soon listings are increasing. Bottom is the same it has been for a long time… new listings are desperately needed to increase inventory to try keep up with demand!
Buyers are getting the message that it makes more sense to buy rather than to continue renting… they are eager to buy now, before interest rates rise even more. Only problem is finding a house to buy! If you are planning to sell, this is the right time to put your house on the market… see why in the infographic below from our blog at Keeping Matters Current.
Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com
