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Prices hold steady despite rates

Writer: Byron TaylorByron Taylor

This month we saw a big spike in Days on Market for both Single Family Homes and Condos. There seems to be a sort of stand off between buyers and sellers as prices are not moving down but buyers are slowing down in anticipation of further rate increases causing affordibility concerns. Interest rate movement will continue to be a point of focus for buyers at least for the remainder of the summer.


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