In the last three months, the Federal Reserve has now twice increased its benchmark interest rate a quarter point. The good news is that this was an expected move due to strong confidence in the economy. Mortgage rates will likely increase as well. That said, homes are still selling quickly, and there is little indication that the trend will slow down in the spring and summer months.
- New Listings increased 10.4% to 3,017
- Pending Sales increased 19.3% to 2,099
- Closed Sales decreased 0.8% to 1,310