A surprise decline in interest rates has given a boost to sales activity in the first third of 2019.
Available listing inventories continue to rise compared to previous months and previous years. In most markets, the number of homes sold YTD is down, but average price is up by about the same percentage—resulting in YTD sold volume edging out last year’s record high by 1%.
Buyers in the entry and middle price ranges continue to be challenged in finding and competing for affordable move-in-ready homes. Options open up for buyers in the upper price ranges.