The National Association of Realtors just released its updated statistics from March. These apply to the U.S. rather than just our local market area. Below are some important snippets.
Tag: home buying
We saw mortgage interest rates trend sharply higher in the last 30 days. The recent change will cost new borrowers another $30 per month for every $100,000 borrowed.
While Manatee saw its year over year new listings rise, the same can’t be said for Sarasota County. The market remains very seller oriented in Sarasota.
While it was good to see new listings start to rise, the market remains very tight in Manatee. We still have a long way to go to get to a “normal” market. That said, market dynamics can change rapidly. See the chart below for the latest results.
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What Inventory?
Zillow is reporting an extraordinarily low number of homes for sale on its platform (see chart below).
