We continue to see the uptrend in home prices locally and nationally, according to the National Association of Realtors(NAR) the median price of existing home sales rose 24.3%. You can take a look at the chart below and see that local home prices have continued the uptrend over the past three months. Inventory has increased over the last two months but buyer demand continues to be strong and we are still seeing multiple offer situations. On the mortgage rate front, rates are back down to the lows from last year.The higher than expected inflation is still a concern, but more concerning to the economic recovery is the resurgence of COVID 19 cases. It's too soon to know how all of this will play out, but the punch line is that buyer demand continues to be strong and it's still a seller's market.