Market Advice April 14, 2023

April 2023 Eastside Stats Update

Yes, yes prices are down 17% year-over-year. Remember, this is OLD news, as the price correction occurred between April and August of last year. This year, prices are up 7% since January (9% since December, but December is always a wonky month). I’ve mentioned that it feels like a ‘normal’ (pre-pandemic) year. If that is the case, I would expect prices to level off soon, but with such low inventory, I’m not sure. I’m wondering (hoping, really) if inventory will have a post-Spring Break surge. This year all the Eastside and surrounding public schools had their Spring Break the same week (the week of April 10th)—a rarity. Sellers typically avoid listing just before or during Spring Break. As always, time will tell.