Monday Market Update Chelsea McCloskey

Medium sales price continues to climb and buyers have more power than ever.

As we tend to see buyer activity slow down in the cooler months our market is following that trend lower than normal.

We are seeing forbearances at the lowest level in 5 months.

Even with the price of lumber and new construction rising, strong home buyer demand keeps builders hopes looking bright.

Lending standards are tightening!

As we start to head into a seasonal change I am happy to report that the housing market isn't showing signs of slowing down.