milehimodern has just released the Q1 2023 Market Report. As we move away from what was considered one of the most erratic years in the real estate industry, the era of “unprecedented times” is in the rearview mirror. At the peak of the market in recent years, interest rates were at historic lows, inventory was scarce and many homes were under contract in less than a week. Pandemic-fueled purchasing informed the distinct challenges — and the many rewards — of buying and selling real estate, so as the country transitions into a state of balance, we are beginning to see the much-needed shift into a corrected and traditional market. 

To discover our previous marketing reports, visit our Quarterly Market Report page.