Dec 2023 NWMLS Real estate activity stats and the NEW Buyer broker agreements

Happy New Year! December was another month of continued low inventory, the only real highlight was that interest rates had fallen to the low 6% which helped with increased sales. I believe that rates will fall to the mid 5's by the spring of 2024. As a reminder, Jan 1 2024 ALL buyers MUST sign the new state approved Buyer Broker Service Agreement.  Thinking of selling? Get your home prepared to sell. If you are looking to buy a home then get pre-approved for financing. I expect a busy 1st quarter for 2024 with good homes selling quickly