Pendings sales have slowed to almost the same level as in 2021. Is the market finally cooling off?
Could the low pendings just be a result of the low inventory and supply?
As always, we like to keep an eye on what is happening with foreclosures. The 1st quarter of 2022 reported a total of 8 foreclosure sales in the MLS. This is not surprising since home prices have increased 10% over the last 15 months. As home values go up, Foreclosures go down. If you are a homeowner, investor, or interested in buying a home in Lafayette, find out how our sales, supply, pendings, and Interest rates are holding up thus far. Keaty has all of the data that you need!
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