More homebuyers are appearing as we move into the hot spring selling season. Demand for purchase mortgages rose for the second week in a row—up 7.1% for the week, according to the Mortgage Bankers Association.
Good news for buyers. Realtor.com reports the median listing price last week came in lower than it did in the same period a year ago. That marked the first week of year-over-year price declines since July of last year.
Inventory is clearly picking up. There were 500,000 single-family homes in active for sale inventory in the week ending March 8—100,000 more than a year ago—a monumental 21% increase.
If you are in the market to buy or sell, give me a call or drop me an email. I am here to help you.
Mary Cockburn
505-639-2090
MaryCockburn.Realtor@gmail.com
