We’ve incorporated arrows to visually demonstrate the impact of key economic and housing indicators on the market.

Green Arrows: Indicators of a Healthy Market, Beneficial for Both Home Buyers and Sellers:

• The Supply/Demand Ratio remains between 50 – 60%, not favoring either Buyers or Sellers.
• Increases in the number of homes sold, homes under contract, and total dollar volume signal a thriving market.
• A decrease in the number of days required to sell a home also indicates a robust market.

Dark Grey Arrows: Favorable for One Party, Less So for the Other:

• A rise in the inventory of homes for sale provides Buyers with more options but introduces greater competition for Sellers.
• Increases in both the Average Sale Price and Price Per Square Foot benefit Sellers, but pose a disadvantage for Buyers.

Red Arrows: Negative for Both Buyers and Sellers:

• For the third consecutive month, there has been an increase in the 30-year mortgage rates.