Real Estate Minute with Steve-March 27, 2023
Monday, Mar 27, 2023
Happy Monday Morning !
Quick update on the market current inventory 10536 units up 300 +/- (3%) and sold units 1018 up 11%, we continue a ebb and flow market as the inventory grows so does the sales. The Fed’s increased there policy rate an additional .25% causing further debate which bank is next to fail.
Year over year for the month of Feb there was an 18% decrease in value Macro level, once we look in at an Micro level the loss is greater more around the 22-24%.
Also the amount of sales from year over year has dropped by 48%
Feb 2022 9,026
Feb 2023 4782
