Sales Finally Drop a Bit Compared to 2025

For January and February this year, sales were actually above January and February of 2025.  However, in March 2026 we had our first monthly drop when comparing to 2025.  Residential sales fell about 6.25% when compared to March of 2025.

There’s a lot of chaos going on in the world right now, with the war in Iran.  Certainly, this makes major decisions, like purchasing a home, even more scary.  Interest rates were beginning to drop, but now they have gone back up again.  I was reading that mortgage refinancing had been increasing with lower interest rates, but now since the war began, mortgage refinancing has decreased by 40%.

No one can predict the future.  Certainly, we are living in chaotic times.  If you have any questions about real estate, please let us know.  We are here to help.  If we don’t know the answer to your question, we will try our best to find an answer for you.