Saying goodbye to the hottest housing market ever

Abstract

There was a large spike in the size of homes being purchased over the past couple of years. We’ve seen more luxury properties sell (larger homes) and buyers at higher price points have been taking advantage of being able to work from home. The trend feels uneven: Some properties are getting lots of offers and others aren’t, and some price ranges are more competitive. We should expect to see the sizzling market become even more tame. But we should expect the market to become more tame and an uptick of inventory. We need time and objectivity. Take your mental health and housing doomscrolling to find ways to add peace into your life in the midst of a changing real estate landscape.