This spring brings a less competitive for buyers than last year, with higher home prices and interest rates moderating demand. Available housing is still in low supply, giving sellers an advantage. Homes are spending less time on the market than in previous years.
It is shaping up to be a busy spring for the housing market. Demand is strong and home values have continued to appreciate. It is an excellent market for sellers, and buyers have more opportunities thanks to increased loan limits.
This February has brought an early surge in the housing market.
The pandemic created an unprecedented shift in the real estate market and we are all still feeling its effects.