Rise In Supply

May 21, 2024

Rise In Supply

Exciting Update! ๐Ÿ“ˆ The housing market is seeing a surge in supply, marking the largest increase in nearly a year! ๐Ÿก Redfin Real Estate News reveals an approximate 5% uptick in total U.S. homes for sale, offering hope to buyers who've been patiently waiting for their dream home. ๐ŸŒŸ Mortgage applications are on the rise, indicating a resurgence of buyer activity. Despite this increase in inventory, prices continue to climb, with the median U.S. home sale price up by nearly 6% year over year. ๐Ÿ’ฐ While mortgage rates remain somewhat elevated, they're expected to gradually decline throughout the year. Don't miss out on your opportunity! I am Amber Johnson of Pillar Real Estate reach for insights on current inventory and prices in the San Luis Obispo County area, and let's make your home buying dreams a reality!

 


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