Prices will be down year over year for some time but the Home Price Index is now up 4.6% from 3 months ago. Despite fewer sales compared to previous years, things continued to heat up in March. The market is quite balanced right now as sellers still have to price their homes competitively but buyer urgency has returned with inventory dropping (down to 2 months vs. 3 months in February).

If you have questions, let's connect. I keep my finger on the pulse of the market so you don't have to!

Zachary Timmerman
StreetCity Realty Inc., Brokerage