With the first quarter of 2023 behind us, we can say that we saw a combination of rising mortgage interest rates, declining home sales, along with a decrease in sold listings—and that, despite ongoing inventory issues in the past, we saw a 33% increase year over year.
So: Will April showings bring May closings?
The data and the details
When we compare the start of 2023 to the start of 2022, we’re seeing more decreases than increases in general, including: