The Fed Beige Book revealed, “Residential real estate activity picked up in most
Districts despite continued low inventories,” while “home prices and rents rose
slightly.” This is based on data and interviews from Fed Districts nationwide.
CoreLogic reports U.S. home prices in April were up 1.2% for the month and 2%
ahead of last year, representing “above average seasonal monthly gains and a
rebound in home prices in most markets.”
Realtor.com notes the number of homes actively for sale in May increased by
21.5% versus a year ago. Homes were on the market 43 days, a bit longer than last
year but shorter than pre-pandemic.
So, what does this mean for you the buyer or seller? Give me a call and we can
discuss what is right for you.
Mary Cockburn/505-639-2090/MaryCockburn.Realtor@gmail.com
