The real estate market in the second quarter was a mixed bag—higher sales and higher prices in some areas but lower in others. Mortgage rates are still having an impact.
With the rise in the popularity and, now, the legality of short-term rentals in many towns, the question arises as to the rights of neighbors and others who are impacted by a short-term rental in their neighborhood.
Decreasing mortgage rates bode well for a potentially active spring market and will ramp up an already hyper competitive market while inventory issues remain unabated.
Overall, residential and multi-family sales fell 10 percent, but pockets of strong and fast sales exist in some parts of the county and at some price points.
