February Update 2023

A monthly newsletter brought to you by McNulty Real Estate Services, Inc.


VOL. 7, ISSUE 2                                                                                  2/1/2022


 

Happy Valentine’s Day on February 14th!

MARKET UPDATE

The housing market has begun to recover after hitting a low point in the second week of November, as a number of us experienced brokers felt it would. We’re not quite out of the woods yet, but homebuyers are coming off the sidelines, setting appointments to discuss the process and look at properties. They have already begun to adjust to the fact that interest rates are higher and will remain that way for the foreseeable future.

This is already translating into more home sales. Bidding wars are back in some neighborhoods. The market has shifted into a new phase and well-priced listings are selling quickly. We are here to help with your selling and buying needs whenever you need us!

 

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