M A R R / Realty

There are now 33 cities in the Bay Area that the average home price is $2 million 🤯

If anyone is looking to sell or at least get an estimate. Dm me!

Our housing market has continued to shift in response to inflation and other factors both nationally and statewide.

California Association of Realtors (CAR) 2023 housing forecast predicts a decline in existing single-family home sales of approximately 7% in 2023. For comparison, in 2022, California single-family home sales were 20% lower than 2021 home sales (this is the difference of approximately 80,000 homes statewide).

What does this mean?

For buyers, there is less competition in the market. There will be a normalization in home sales, predicted by CAR. Buyers and sellers alike will adapt to the new market conditions. Well priced homes will continue to sell quickly, as there will also be fewer homes selling above asking price. The market will become more favorable for buyers, where it has over the past few years been fiercely competitive.

Hey 👋🏽

That’s me !