APRIL 2024
REAL ESTATE NEWSLETTER
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Buyers Are Blowing Up The March Real Estate Market
March 2024 was a Seller's Market!
The real estate market is currently seeing an increase in activity with more homes available for sale compared to last year. The number of homes sold has dipped slightly year-over-year but is picking up steam compared to last month. There are also more buyers making offers on homes, as indicated by the rise in under-contract listings.
Prices are a bright spot in the market, with both average and median sold prices trending upwards compared to last year and last month. Homes are also selling relatively quickly, with the average number of days on the market staying steady. Additionally, sellers are getting close to their asking price, suggesting a strong market for them.
Overall, the real estate market shows signs of increased activity and continued price appreciation.
REAL ESTATE MARKET NEWS
The real estate market is bustling, with high buyer enthusiasm driving rapid sales despite rising mortgage rates. The sustained demand is contributing to steady growth and a rebound from last year's downturn. Analysts remain optimistic, predicting a rise in home prices and noting the strong performance of new construction, signaling a balanced and robust market.
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