The market saw a significant surge in new listings this month, with a 14.73% jump to 3,280 year-over-year. Notably, detached properties showed even higher growth, with new listings rising 17.94% to 2,301. This trend suggests increased seller confidence and potential market activity.
On the monetary policy front, the Federal Reserve held interest rates steady this month, delaying any adjustments until at least spring. This news likely impacts buyer behavior, as many are waiting for further interest rate drops before entering the market. However, experts caution against waiting too long, as a delay could coincide with a market upswing, pushing prices higher and potentially resulting in buyers paying more due to increased competition. In essence, waiting for the perfect interest rate might cost more in the long run.
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