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The best evidence that we are still in a Seller's Market in spite of a significant increase in interest rates and inventory is that on average Seller's are still getting above List Price.
Since this also includes the homes that went under contract after a price reduction, it's truly remarkable that it's higher than a year ago.
All these houses went under contract 30-60 days prior to their June closing date so it'll be interesting to see whether this continues into July and beyond.
I'll be keeping an eye on it like I do everything else.
As always I'm here for you if you ever have a question or want to run something by me to see what I think.
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