As we approach the spring of 2024, the national real estate market is poised for an active season, buoyed by promising trends from the end of 2023. The latest S&P CoreLogic Case-Shiller Index indicates a healthy market, with stable price growth and annual price gains between 5.5% to 7.0% across the national, 10-, and 20-city composites.  Learn More:

This uptick in price growth coincides with a significant drop in mortgage rates, from a high of 7.8% in late October to 6.6% by December’s end. The easing of mortgage rates has reinvigorated buyer demand, as evidenced by a surge in pending and new home sales in December. Despite the seasonal dip in the number of homes for sale, Realtor.com data reveals an annual increase in both active and new listings for the second consecutive month. This resurgence of buyer activity, against the backdrop of constrained inventory, is expected to maintain upward pressure on home prices. Home buyers and sellers can anticipate a competitive market this spring, with ongoing price growth and heightened demand.

If you are looking to make a move this year, I/WE are here for you! Let’s connect via phone, text, email, or social media – The spring market is here!