The overall market rebound felt In August and September has already started to slow down. Perhaps earlier than usual this year due to the Immense amount of uncertainty our great leaders have thrown at us. On this note prices In all three product types are also down slightly compared to last month, however when compared to October 2022 prices are up over all product types by 4 to 10 percent. This Is a significant gain In a 1 year period, especially given the financial landscape with 10 Interest rate Increases since January.
The condo market has been the most resilient as It Is the most affordable product type, due to this we are also seeing more Inventory come to market than that of the much more expensive townhome and single family product types.
