Greetings, 
I wanted to take a quick look at the market and provide a market update for your review. 
Let's jump in. 
"The first quarter housing numbers are in the books and the hoped-for increase in transactional sales volume has not come to fruition. Housing demand, as reported by ARMLS, for Q1 was down approximately 5% year over year. With pesky inflation holding ground, the hope that the Federal Reserve would implement three rate cuts this year is dimming. With mortgage rates in the 7% range, we expect Q2’s upcoming sales volume to remain challenged, with total sales volume remaining lower year over year, most likely seeing year-over-year declines in the 5-7% range. While three months is too soon to judge our 2024 housing market
Sales price has risen 6.69% year over year. This is a nice rebound from the start of the year. 
March 2024 Housing Numbers • The Cromford Index is currently reporting 111.6, a modest nod towards sellers. • In the first quarter, demand was approximately 5% lower year over year. • In February and March, in terms of sales per day, there were 15 fewer sales per day this year compared to last.  • Demand is down approximately 26.02% from the first quarter of 2020. (pre-COVID) • Sales volume for Q1 2024 is down 31.61% from Q1 2021. (COVID buying frenzy) • The median sales price is 5.65% higher year over year, home prices are stable. • As reported by Freddie Mac, the 30-year FRM averaged 6.88%as of April 11, 2024. • The 30-year FRM is up .06% from last week and .61% year over year. • Historically, ARMLS reports the highest yearly total for accepted contracts in the 30day window between late March and late April. • Late March and April’s contracts become May and June’s closings.   The market hit its lowest point in terms of prices in January 2023. Since then, prices have stabilized and are rising. As reported earlier, the current median sales price is $445,000, with foreclosure activity practically nil. "

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Days on market has fallen a whopping 12% year over year. 
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New list price is up 6.5% year over year. 
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Absorption rate measures the the rate at which homes sell in a given area. It is calculated by taking the number of homes sold in a month and dividing it by the number of homes on the market. Generally speaking an absorption rate greater than 20% represents a sellers market. 
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Active listings are up 22% from this time last year. Still well below a normal market, which would carry around 25/k active listings.
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Sold listings are  down 12% year over year. 
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thank you,