December was a relatively quiet month. With the combination of the holidays and interest rates hovering in the lower 7%, sellers were highly motivated to make win-win deals with savvy buyers who embraced their negotiation power. A significant portion of listings in the MLS (Multiple Listing Service) expired on December 31st. This, combined with the lack of new active homes, will increase buyer demand at the beginning of the first quarter. In general, our community remains a soft seller’s market. Is this your year to buy or sell?
