What’s Happening Overall

Home prices for single-family homes are holding steady compared to last year. Even with some ups and downs in interest rates, the market has stayed balanced.

For Buyers

Interest rates jumped in March but have already started coming back down and are now around the low 6% range.

What this means for you:

• When rates went up, fewer buyers made offers
• As rates come down, more buyers are expected to jump back in
• Right now, rates are actually lower than the average over the past few years

Inventory (homes for sale) has also slowed down, which is helping keep prices stable.

Bottom line:
You’re in a window where competition is still manageable, and rates are improving—this can be a great time to buy before activity picks back up.

For Sellers

Not all parts of the market are the same:

• Lower-priced condos (under $300K) are seeing more competition and some price drops
• Single-family homes (especially average-sized homes) are staying very stable in value

Most homes in the typical size range have prices within about 1% of last year, which is a strong sign of stability.

Bottom line:
If you own a single-family home, your home value has remained steady, but pricing and strategy matter more than ever to stand out.

What This Means for You

The market isn’t crashing or booming—it’s steady.

• Buyers: Opportunity is opening as rates improve
• Sellers: Values are holding, but smart pricing is key

If you want a clear breakdown of what this means specifically for your home or buying power, I can walk you through it.