Total numbers of sales of all property types were down 13% in the first quarter of this year vs. the last quarter of 2022. Rising interest rates had a lot to do with that as well as stormy weather also.
However properties in escrow and under contract are up a whopping 55% over the last quarter 2022 so we should see some inprovement in closed sales at the end of the second half of this year.
Active unsold properties on the market are up 41% from the end of 2022. This is a normal seasonal variation as inventories are still app. 50 % below normal for most years.
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