Great question. I am a lifelong resident of Warwick as well as a Warwick realtor. The homes prices are flat now and I feel it is due to the high (but slowly declining) inventory. There's so much for buyers to choose from and they want to see it all. Buyers are looking at so many houses these days and it take a months to do so. During their several month home search, something would happen with the economy, interest rates or some media statistic (which represents national figures, not local figures!!) would be announced that scared them from going forward. Now we see a slight rise in interest rates and slight decline in inventory. This results in a flurry of activity from buyers. They feel the best deals may be slipping away and recently we as realtors have seen a boost in showings, phone calls and interest from buyers. Woohoo - this is very good news!! We need these buyers to help the inventory sell and the amount of inventory to decline further all leading us to a more stabilized market that is good for both buyers and sellers.
Hope that helps. If there is anything else I can help with, even just answering questions, please do not hesitate to contact me 845.988.7778 or firstname.lastname@example.org William