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We now have the stats from the first month into 2023 and are starting to see how things are moving in the first part of this new calendar year. The main takeaway is that the market is changing on a daily basis.
Looking at the numbers compared to this time last year, they are down pretty much across the board and that, on the surface, may cause some panic at first glance.
BUT...don't panic. The market continues to balance itself out and looking month to month, there are minimal changes.
Let me say two words you haven't heard for a while but are going to start to hear more again - BIDDING WARS. Love them or hate them I am seeing them pop up in certain areas and with low inventory and demand starting to rise, we may be getting back into this type of market as demand increases and inventory stays low.
Check out the entire video where I go into more detail on the numbers and what it all means with interest rates and much. more.
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