Archive for February 2025

Seller concessions and days on market remain elevated, reflecting plentiful inventory and patient buyers. However, contract activity is now outpacing the past two years, illustrating a strong seasonal shift. Meanwhile, average sold prices continue to rise, more offers are coming in above asking price, and price reductions are on the decline. Seller ConcessionsSeller concessions are…

Weekly Market ReportThe early-season real estate market is heating up right on schedule, and there are a few key indicators we are keeping an eye on:  However, there’s one metric bucking the trend: seller concessions.  Seller Concessions Remain High Last week’s average seller concession sat at $7,307 per closed transaction. This is the highest figure we’ve tracked for…

Interest rates, inventory levels, home showings, and under-contract properties are the four primary indicators we track to gauge how this spring’s real estate market might unfold. These metrics help us determine whether buyers will face fierce competition or if sellers should prepare for extended marketing times, price reductions, and a more buyer-centric environment. Our year…