Happy “pi day” (3.14)

Spring Housing Demand:  By late February and early March, we start to see the year's market trends take shape. Here’s how things are stacking up compared to last year:

• Weekly mortgage applications are ⬆️ year-to-date.

• The 30-year fixed mortgage rate is 6.81%, ⬇️ from 7.09%.

• Westchester’s active listings in February: -7.47%.

It's shaping up to be a busy season. In the past two weeks, I’ve shown 24 properties, written 6 offers for buyers, finalized 2 lease signings, and closed 2 transactions. One of my buyers was up against 33 competing offers in a Highest and Best.  

With demand still high, acting fast and making strong offers is key to this market. If you're thinking about buying or selling, now is the time to strategize for the spring market.