High Desert Market Conditions Report
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Market conditions report for March 2023
8th straight month of average price falling! Interest rates are beginning to stabilize, and inventory is surprisingly decreasing, this could mark a slow down in prices dropping. Still, lots of buyers and sellers are opting to spend a little extra for an interest rate buy down which could help encourage the sale if you are a seller or make the payment more affordable if you’re a buyer!
The below graphic is an example not to be taken literally, this is not a projection just an example of the importance of pricing your home accurately to sell for current market value.