The housing market in the Quad Cities has made a strong start to 2023! The local real estate market appears to be holding steady, with median sold prices and active inventory up in all areas. These numbers are encouraging compared to this time last year when all four regions were dealing with 30 days or less of active inventory for prospective buyers. As we know, fluctuating numbers are a hallmark of the housing industry. Although the data is quite different than the numbers we were seeing last year, the local housing market continues to act as a solid foundation for success in our communities.
As always, partnering with an experienced REALTOR® who can read the current market conditions and develop a strategy that is personalized to you will help you achieve the best outcome! Selecting a trustworthy team, like KRC Network, who has navigated all types of markets before is always the best idea. Call us today for guidance!
If you’re thinking about selling your house, recent headlines about home prices may have you second guessing your decision. Here’s the context those headlines are missing.
Don’t let the headlines get in the way of your plans to sell. Let’s connect to find out how much equity you have in your current home and how you can use it to fuel your next purchase.
Sources: S&P Case-Shiller, First American
Think Twice Before Waiting for 3% Mortgage Rates
Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans...
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