Monday Market Update- Episode 376

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Welcome to another episode of our Monday Market Update! This past week, new listings have dropped to 150 this week, down from 182 last week and 215 a month ago. Meanwhile, pending sales have increased to 119, up from 100 last week, indicating a hot market with less inventory. We're still 20% below the market peak of February 2022, making it a good time to buy despite higher interest rates. Many are opting for shorter-term mortgages in anticipation of future rate drops. Have questions or concerns? Contact us at Mulligan Royalty Group.
Have a great week and see you next Monday!
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