So here is what has been happening so far this year in our local real estate market:
So for the first 1/2 of 2023 sales were down 29% compared to the first 1/2 of 2022. However the second quarter of this year is up 30 % over the first quarter.
Properties in escrow are actually 25% higher than they were at the end of the second quarter in 2022 and up 23% from where they were at the end of the first quarter of this year.
Unsold properties on the market are 11% less than there were at the end of the second quarter in 2022 as inventory of all property types is still way down.
So, values have stopped climbing at the rate they did in 2022 but due to not enough inventory on the market, prices have not reduced by that much.
Please get in touch if there is anything I may do to help you in your real estate needs.