May 2023 Newsletter Introduction

April was still pretty cool and dreary throughout the entire month but fortunately we got to enjoy and bask in the beautiful blooms of the Sakuras which whisk us into the bright and breezy Summer heat. It feels like we had Winter and we just totally skipped Spring and jumped into Summer in less than 2 weeks time. As we enter into May, we have witness a historical moment of the coronation of King Charles III and to celebrate Mother’s Day! What have you planned for Mother’s day?! Make sure to send your love to not just your mom, but to all the mother figures in your life! They’re just as special and deserving! 

So let’s get into it –  There as been more activity in the market with more buyers and sellers entering in the market and getting ready to start taking the step to either sell or buy. As the interest rates have stabilized, there has been more consumer confidence to either get back into the market or take the first step. Pricing of homes have appear to be very fair and at par to market pricing compared to early 2022. Buyers are more reserved on jumping into purchasing a home so quickly, and with the new rule – 3 Day Recession period – it has lessen the pressure to make a decision on a whim. However, homes have sold quite quickly as inventory is still very scarce and demand has started to risen. This trend of a balance market would likely to continue for the latter part of the year with the possibility of homes to rise late in the year or early 2024. 

– Sam