Quick update on the market current inventory just hit over 16k units (16,125) with 941 sales, we haven’t seen this amount of inventory since July 25 th 2022. The difference between last year and this year July 25th 2022 was the start to declining inventory and 2023 is the start of increasing inventory. Something to consider also is the amount of Low Rise units over the High rise units, we currently have 30% more low rise. We also experienced an uptick with showings over the weekend, but also price adjusted 4 properties going into the weekend. (CPI) The inflation reported at 2.8% which is great news until you read why the inflation is down to 2.8%.

Chapters

00:00 Introduction and Sales Update

00:27 Analysis of Low-Rise and High-Rise Properties

01:14 Comparison to Last Year's Market

02:05 Inventory and Price Adjustments

03:05 Personal Experience with Selling a Property

07:16 Discussion on Inflation and its Impact