|
Happy New Year!
It may be 2023, but I am reviewing the just released stats from December 2022 - the perfect way to summarize and close off the real estate rollercoaster that was 2022! Do you remember a year ago you could barely find a home let alone actually buy it.
As the year went on, the market started to settle a bit and the days on market started to rise a little, prices were still up there but inventory was improving. Then the first of the interest rate hikes happened and we really started to see a turn in the market. Over the course of a few more we get to where we ended off the year - prices significantly lower, days on market considerably longer and transactions and new listings down.
But this isn't bad news! As your experienced and seasoned Real Estate Agent and Broker, I have seen the ups and downs of the market over a dozen years. This market offers lots of opportunities for both buyers/investors and sellers. You have a calmer market that allows for time - to find the right place and the ability to negotiate a very fair price. Sellers will have serious, qualified and motivated buyers looking - yes you may have less showings but its quality over quantity here and your buyers are stronger and more stable.
|