How is your summer so far? Is it too hot? Too wet? Or just right? Real estate in summer is typically slow and steady, much more relaxed than the spring market. Why? Many buyers and sellers are making beach and vacation plans and so the market tends to slow naturally. Of course, we're also experiencing an additional slowdown due to higher interest rates and economic concerns. We're still low on housing inventory though, both in listings and in actual built homes, so despite the doom and gloom in the news this may yet be a temporary pause. I will be looking to this fall for a better indication of where things are headed.
Current market stats are below, along with some of my recent listings and sales. If you haven't already, please also check out my video and weekly show, Monday's at 10am, streamed on YouTube & Facebook, "The Victoria Real Estate Show".
