PhinneyWoodHomes.com

Our PhinneyWood's market is showing some unexpected trends this spring.
New and active listings are sharply up from both last month and last year,
but pending and closed sales are noticeably down. That's surprising for peak
season. With more homes available, you'd expect buyers to jump-but
many are still holding back.

Mortgage rates remain just under 7%, which likely isn't the main issue.
We've seen stronger buyer activity at similar or even higher rates. It's more
likely that general uncertainty and buyer caution are keeping people on the
sidelines.

There are early signs that buyers are returning, but slowly. The bigger
surprise? Single-family home values have held steady and even risen since
last May. Price-per-square-foot data backs this up, showing market stability
despite the quieter pace. As in past cycles, this likely reflects pent-up
demand-once it breaks loose, we may see a burst of activity, though timing
remains uncertain.

Understanding timing and trends— especially when things are off-cycle
—can help you get the best results. Planning to buy or sell this year?
Let's create the right plan for you. Call Doron for a no-obligation
consultation at 206-779-9808.