The market trends are cooling a touch with the average median price in North County dropping back to January’s $630,000 versus February’s increase to $649,888. Last month the number of homes sold slowed down to 613 versus 629 in February which means inventory has tightened as people are waiting until the Spring to bring their homes to market which tends to be the norm for the selling season. Interest rates are slow to rise, which is preventing a downward push on pricing. Everything we’ve seen come active to the market so far is higher than the last sale. Can this upward trend last? We’ll find out in the coming months.
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