đĄ Hot off the press for our 729 Main St. market!
Topic: Market Insight
⢠Median existingâhome price nationwide is now around $404,400âup 6.0% from last year! Homes are moving fast, with just a 3.3âmonth supply on the market.
⢠Builder sentiment hit an 8âmonth high in Decemberâbut still below neutral. 67% of builders are offering incentives, and 40% are cutting prices by about 5%!
⢠Inventory is tightening fast heading into the holidaysâactive listings are down 2.7% weekâoverâweek, though still up 15% from last year.
⢠Mortgage rates have eased to about 6.22%, saving buyers roughly $200/monthâbut many sellers remain âlockedâinâ to low pandemic rates, keeping supply tight.
Feeling the FOMO? Nowâs the moment to act!
Tip for buyers: With incentives and price cuts from builders, consider newâbuild options to stretch your budget.
Act fastâreach out today before holiday inventory vanishes!