This is a complex Boston condo spring market.

This is a complex Boston condo spring market.

Spring likely won’t bring with it the bloom of inventory that agents are hoping for, but it probably won’t be as bad as last year.

The way you see new inventory come in is by seeing mortgage rates drop.

Agents were optimistic in January that the Federal Reserve would cut rates by this summer, but that sentiment has waned.  The Fed didn’t cut rates at its meeting on Wednesday, and chairman Jerome Powell said they would stay put until there’s “greater confidence” that inflation is coming down, according to the Associated Press.

“In recent months, inflation has shown a lack of further progress toward our 2 percent objective,” Powell said, adding that achieving that goal will “take longer than expected.”

This is a complex Boston condo spring market.

This is a complex Boston condo spring market

This is a complex Boston condo market not only for sellers and buyers, but for Boston condo brokers as well.

Watch the real estate video below for some insight on the housing market.