The dynamic equilibrium between supply and demand plays a pivotal role in the real estate market, and springtime traditionally brings about a subtle shift. This seasonal change is marked by a surge in buyers actively seeking their dream home, particularly with the millennial generation representing the median age of first-time homebuyers at 32. This year, the spring market began earlier than usual, with the high influx of potential buyers already impacting the market.

Regrettably, this year's spring market is also grappling with a deficit of inventory, as fewer houses are up for sale, and buyers are vying for limited options, resulting in 80% of our deals being cash transactions. Forbes reports that the number of available houses for sale is the second lowest on record, a result of individuals holding on to low mortgage rates and a slowdown in new home construction over the past several months. Despite the typical influx of listings during spring, an inventory shortage is still foreseen.

With desired move-in ready homes in prime neighborhoods being scarce, buyers are in a tough spot. Paradoxically, it is an opportune moment to sell locally, particularly if one possesses a single-family home in a desirable location. While national news may offer a contrasting picture, our team assures you that it is a favorable time to sell, and we are always available to address any queries you may have, whether you are considering selling now or merely exploring your options.