Buyer demand and market activity continued to rebound in early 2023 from the late 2022 low point, but the number of new listings coming on market remains very low, a situation with wide ramifications for supply and demand dynamics, and for home prices. Many important economic factors at play – such as interest rates, inflation, financial markets, the stability of the banking industry, federal debt limit negotiations, and so on – continue to be uncertain and/or volatile. This report is divided into two parts: The first looks at home prices, and supply and demand conditions and trends in the overall national market. The second part reviews selected macroeconomic factors and indicators that often impact real estate. A national report is necessarily a huge generalization of broad trends across an enormous range of regional submarkets, whose dynamics often vary. How the data in this report applies to any particular property is unknown without a specific comparative market analysis. As of the date of this report – early April – depending on the source of data, some data points for March 2023 and Q1 2023 may not be available for several weeks or longer, and will be covered in future updates.
The spring selling season is typically the most active of the year – though this too can vary between submarkets – and much more data will soon be available.
Made with FlippingBook - Online magazine maker