This market is tough.  Low inventory, slow rise in new listings coupled with continued pending and closed sales despite higher interest rates.  The unaffordability for most is real, while for others it is just a matter of buying something now and waiting out the interest rates.  I experienced a situation last week with my own listing for my grandparent's home.  We accepted a full price offer within 7 days, and then within 12 hours the buyer backed out due to cold feet claiming they weren't aware of the mortgage payment being so high.  Don't even get me started on the ineptitude of the agent and lender that assured me before accepting their offer that the buyer was solid and good to go.  I digress. This is the reality of the market currently.  If you are shopping the market, it's imperative to have a good team on your side advising accordingly.
I must reiterate though, look at the market update graphic.  Homes are selling despite the unaffordability for many people.  What happens when interest rates eventually dip?

This weekend I was able to treat the Reeder family to dinner at Hook & Ladder.  They have been a huge part of my business since getting started three years ago.  Altogether, so far, they have accounted for over 8 transactions either directly or through referrals.  I am so grateful for their friendship, support and trust.

What are you seeing or hearing? I'd love to know paul@guiderealestate.com