milehimodern has just released the Q1 2022 Market Report. Overall, inventory between January and March remained low, indicating a competitive market complete with bidding wars and multiple-offer situations. Sold home prices hovered around the same average as the previous quarter. Buyers may be acting swiftly due to rising interest rates, but this trend could see diminishing returns if rates swell much higher. Sellers may be more motivated to list their homes before another potential rate increase that could affect buyer behavior. To learn more about what these numbers mean for you, please reach out to your milehimodern broker or visit milehimodern.com.