The median listing price in January was $400K, ↑ 8.1% yearly.
The high prices can push potential buyers out of the market, so prices should be ↓.
Also, the number of available homes for sale is still ↓, which is keeping upward pressure on prices.
The avg rate on a 30-yr-fixed-rate mortgage ↓ to 6.12%, but still ↑ ~2X yearly.
![](https://blog.stevespiromaritimeproperties.com/wp-content/uploads/2023/05/image_13979_12760.jpg)
What Do Buyers Need to Jump Back in The Market?
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