[username]

Originally Posted by troutman

CREB statistics confirm what I am hearing anecdotaly - the market is heating-up:

http://www.creb.com/public/seller-re...statistics.php

April sales up 26% from the prior year. Year-to-date up 7.4%. Average price up 1.1%. New listings down.

It's hot now but the question is will it remain hot once all these 2.99% rate holds are gone? I'm quite certain that the reason the sales numbers are up is because of the all time low rates.

It's interesting that with demand up and supply down that the average price isn't moving much.......at least not yet.