According to the Greater Capital Association of Realtors, the months’ supply of inventory increased by 14.3% to 1.6 months, which is definitely a positive sign. Although it’s still on the lower side, this increase shows that some balance is returning to the market, which is great news for buyers and sellers alike.
While home prices remain high, there’s some good news on the mortgage front. Mortgage rates have steadily declined throughout January and have reached their lowest level since September. This has led to a recent surge in mortgage demand, which is great for those looking to buy a home.
Lower mortgage rates mean increased affordability, which may lead to an uptick in market activity ahead of the spring selling season. So, if you’re in the market to buy or sell a home, this is a great time to start exploring your options!
Check out the latest Capital Region Market Wide data below 
Discover opportunities in your area by keeping an eye on the latest real estate market updates!
