Anonymous wrote:Inventory lower in my zip than it was in 1 Jan. So unusual.

That is the situation in quite a few regions...

In our area, people tend to move when convenient for them. There are fewer people that are now waiting to time their sales to the school year. The point of the spring sales market was to sell your house so that the kids finished the school year at one school, then you moved over the summer and were ready to start school at the new home with the new school year. But, with the way the market is now, people are using a lot of other factors to time their move. So, our area has sales more evenly divided over the year. There is still a small bump in Feb-May, but not like it used to be.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So few houses on market up to now. Doubt there is going to be a spring market...

Historically low inventory, historically high house prices, and historically high interest rate... What a wonderful combination!

Nobody can afford to move right now. It seems like a great time for developers to buy properties though since they can flip them in time for rates to cut at the end of summer.

Lol, good luck with that...

Interest rates are on a tear... definitely going to play in limiting the pool of buyers.

Anonymous wrote:Usually starting to heat up by this time

I think buyer’s interest tends to increase after the Superbowl and sellers lag a bit behind. Sellers who are waiting for the spring season are waiting until their yards green up and flower and look all shiny.

Inventory lower in my zip than it was in 1 Jan. So unusual.

Anonymous wrote:Usually starting to heat up by this time

People who got houses during the pandemic paid cash. Mostly corporations.

Usually starting to heat up by this time

With rates going up, things will move but it won’t be like how it was the last few years. No one will give up 2-3% rates unless they absolutely have to.

I'm seeing more houses on the market in my neighborhood in just the past week.

Anonymous wrote:

Anonymous wrote:So few houses on market up to now. Doubt there is going to be a spring market...

Historically low inventory, historically high house prices, and historically high interest rate... What a wonderful combination!

Nobody can afford to move right now. It seems like a great time for developers to buy properties though since they can flip them in time for rates to cut at the end of summer.

Hope so, as I'm selling a house in March!

Anonymous wrote:So few houses on market up to now. Doubt there is going to be a spring market...

Historically low inventory, historically high house prices, and historically high interest rate... What a wonderful combination!

Its been light, but I am seeing come decent options start to pop up in my target neighborhoods. Most seem to plan to list in March/April.

So few houses on market up to now. Doubt there is going to be a spring market...