As the days get longer and the weather starts warming up, so does the real estate market. We’re seeing momentum pick up across the board, with key indicators pointing to a busy season ahead.
Here are some quick highlights:
-Mortgage rates continue to inch lower, down 0.03% from last week
-The 10-year Treasury yield is at its lowest level since mid-December
-Supply is up 1.5% vs. this time last year
-Price per square foot has risen 0.4% year over year
-Median sales price in January was up 8.3% compared to last year
-New listings jumped 7% in January
-Contracts signed in January increased 2.8% year over year
-Listings in contract are up 12.8% compared to last year
With more listings hitting the market and buyers taking advantage of improving mortgage rates, now is the time to make a move—whether you're buying or selling.
