What a year! Unprecedented sales in the Spring of this year have given way to what feels like extreme moderation as we sail into Fall. In reality, it's just the speed & magnitude of the changes we've recently experienced that makes our market seem like, well, "whoa" ! You may be surprised to know that median prices and sales to listings ratio are higher, and inventory lower than this time in 2019. Who knew - until you look at the data - which you can see below. Certainly, inflation & rapidly rising rates are creating both uncertainty & discomfort at the prospect of buying just about anything. However, in the real estate market, prices in some categories have come down enough from the peak (March) to perhaps make this autumn the right time to buy.
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