Inflation and interest rates continue to have an impact on the real estate market as we start the new year. Demand continues to decrease compared to the same time last year as evidenced by lowers sales and higher days on market for active listings. Prices have continued to rise albeit at a much lower rate than in the past as active listings have increased dramatically compared to January 2022.
Keep in mind that all communities, neighborhoods and price points are different. Contact me today if you would like a snapshot of the real estate market in your town or neighborhood. I am always available to assist you!
Sal Soriano
972.281.7500
Mortgage Rates Trend Down
