The market is still in a period of rebalancing from the intense level of activity we saw in the past two years. Buyer demand continued to rebound from the mid-winter slowdown. The number and percentage of listings going into contract and overbiddding percentages continued to climb. In addition, days on market dropped, as the spring market gained some traction. While on a year-over-year basis, the market is slower, it bears repeating that Q1 2022 was an overheated market, near the peak of an historic, 10-year boom.