•6.21% is lower YoY, but still high enough to keep demand muted vs 2021–22.
•Expect more showings, not a bidding-war wave; buyers stay payment-driven.
•If rates hold near ~6.2% for weeks, some sidelined buyers re-enter.
What’s the best barometer to tell how a market is doing? Active and SOLD properties.
36 New homes came on the market today for sale. And 110 homes SOLD closed escrow. But 71 homes went into escrow. things are slowing down for sellers!
Just keep that in mind when negotiating.