Sorry for the delay in my monthly stats write-up, but better late than never, right? It’s the news we knew was coming: year-over-year depreciation. The Eastside’s median price is 8% lower than last year; HOWEVER, we are 24% higher than 2020’s median price (median price in November 2020 was $1,060,000 and November 2021 it was $1,428,000, which was a ridiculous 35% year-over-year appreciation). Averaging things out, that is a 12% gain for the last 2-years, so the sky certainly isn’t falling. That said, month-over-month prices dipped 3%, which is a bit concerning. Pricing had been flat for 3 months prior after the dramatic drop from April to August. I thought we were past the declining prices, but we might not be out of the ‘price correction’ woods just yet. I think we are, but time will tell. Months of inventory increased from 2.4 to 2.7 months, which is a balanced market with growing inventory. I’m not worried with the increased months of inventory, as overall inventory didn’t grow, meaning the rate at which people were buying slowed, but new listings didn’t soar, and some listings were taken off the market. I have a cautiously optimistic outlook for January, but, again, time will tell.