May 2024 Market Snapshot

Dandelion

“This month’s market analysis confirms a tough reality for buyers: tight inventory continues to drive prices up, even with interest rates hovering around 7.5%,” reports Linda O’Koniewski, CEO, Leading Edge.  “Recognizing these pressures, Leading Edge is actively changing the industry landscape. We’ve redesigned our listing and buyer agreement contracts to significantly enhance protections and commitments […]

April 2024 Market Snapshot

Yellow rain boots with flowers

“Amid the recent flurry of media attention on the real estate industry, this month’s housing report begins with an excerpt from our company pledge—a commitment signed by every Leading Edge Agent,” affirmed Linda O’Koniewski, CEO, Leading Edge. In a world where integrity and honesty are often empty words, Leading Edge recognizes that Buyers and Sellers […]

March 2024 Market Snaphot

Woven basket with white flowers

“In the current real estate market, inventory isn’t just tight; it vanishes weekly, leaving only homes priced aspirationally. This is not a temporary trend, but a sign that we must adjust our expectations,” reports Linda O’Koniewski, CEO, Leading Edge. “Promising falling interest rates is misleading. Despite frequent forecasts of decreases at the next quarter, Federal […]

February 2024 Market Snapshot

Mittens holding snow in the shape of a heart

“In an unprecedented market landscape, housing inventory has plummeted to record lows, re-igniting fierce competition among buyers. This surge in demand, fueled by an acceptance of mid-6’s interest rates as the new normal, is driving property prices to new heights,” reports Linda O’Koniewski, CEO, Leading Edge. “In these competitive times, the advantage lies with sellers […]

January 2024 Market Snapshot

The recent dip in interest rates sparked a notable increase in sales towards the end of the last quarter,” observes Linda O’Koniewski, CEO of Leading Edge. “Yet, with Jerome Powell’s latest announcement, we shouldn’t bank on a continuing trend of rate decreases. It’s important to recognize the year-over-year drop in single-family home sales, evident in […]