Resetting
EXPECTATIONS “ T HE LUXURY REAL ESTATE MARKET IS CURRENTLY IN FLUX.”
The market is in flux, so what can we expect during this transitional year? Certainly, the market has evolved from the red-hot conditions seen over the last few years. Does it indicate a dire market to come, though? Likely not. In the luxury world, the data paints a picture of a changing market – but not one without opportunity, for buyers or for sellers. As always, and perhaps even more so than in recent years, the key to success in 2023 will lie in agents’ hands and, primarily, their ability to network, market, and keep their fingers on the pulse of their own unique communities. As Jade Mills, of Coldwell Banker Realty in Beverly Hills, put it, “Think of 2023 as the year we come back to normalcy. Conditions will be different, but opportunity will still be there for those who want to seize it.”
