If you missed last week's October condo stats, here you go...
The October Condo Stats Came In Early
(see full detail links below)
The information below looks bad, but it's not as bad as it seems as we are comparing everything to last year which was an outlier, not a benchmark.
Here at The Carruth Team, have slowed down of course, but still staying very busy helping people navigate this shifting market.
The problem is extremely low inventory that will not be increasing anytime soon, and that will help keep prices stable in 2023.
In October, the coastal condo market performed as expected with the ongoing trend over the last few months.
Transactions were down 38% from last October, and down 20% from just the month prior.
Average prices were up 8.3% from last October, and down 5% from the prior month.
Find all the detailed data below and let me know if you have any questions.
