No surprise that the new year has re-ignited the trend of sellers pushing higher on prices. But ever since mid-2013 when higher mortgage rates doused the buyers’ enthusiasm, the sold pricing has flat-lined:
They show +11.6% increase in December inventory Y-O-Y, but there has been an almost identical amount of new SD listings this month (1732 vs. 1728 through Jan 19).
Might we see a couple of months of suspense as both buyers and sellers stare each other down over higher pricing?
