Here are the final numbers for our neighborhood real estate market.
Despite the increase in interest rates, home prices remained steady through the end of 2022. We did see a shift in buyer activity and the market slowed significantly. But we are already seeing buyer demand creeping back up in January of 2023. Interest rate buydowns are becoming commonplace for buyers, making monthly payments more affordable.
If you are contemplating a move in 2023, reach out to me. Let my expertise and local market knowledge help you make informed decisions. The market has changed but you don’t have to put your plans on hold. Contact us today for a no-obligation consultation.