Summer 2023 forecast

High prices, high mortgage rates, low inventory.

And the forecast for the summer real estate market is …

Yes, things do not not look good for  the Summer, 2023.

New listings are down (25.7% from June, 2022; 28.8% from June, 2019), mortgage rates remain high (9% from June, 2022; 91% from June, 2019) and, while prices are technically down (0.9% from June, 2022) it is not nearly enough to offset the other two factors.

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