Changing Market
AND MINDSETS Gradually, the 2022 market appeared to be resetting to pre-pandemic conditions. •
Luxury properties were taking longer to sell.
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Buyers didn’t have to compete with as many multiple offers or feel pressure to offer over-asking price without contingencies.
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Major metropolitan areas were once again in demand.
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Condos and homes with smaller footprints became “smart buys.”
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As brick-and-mortar luxury retail, hotels, and travel roared back to life, people’s lives took them outside of the very homes they so desperately sought in 2020 and 2021.
