Looks like home prices may start to increase with a definite uptick in sales activity in the past month or so.
Home medium sale prices have increased from near $1.8M in 2023 to nearly $2.5M so far this year. Condo medium sale prices, however, have decreased slightly around $900K to slightly over $800K in the first quarter.
Although average interest rates are still near 7.0% for 30 year fixed rate loans and 6.5% for 15 year fixed rate loans, and have risen slightly in the past week, rates have stabilized somewhat.
Hopefully we can look forward to more inventory, which should bring mores buyers to the Village and Crystal Bay this summer.