I am running short on videos – there are fewer homes for sale, and the list of homes worthy of a video is even shorter. We saw this one a couple of months ago, and it just closed on September 16th for $3,600,000, which was $100,000 over list. Knowing that, the video might be more intriguing now?
Exactly in line with what I expect to happen over the next couple of years.
If housing supply remains constricted prices will simply plateau.
Also, keep in mind that home prices going down works the exact opposite as when house prices went up. Meaning when housing prices go up desirable coastal property prices increase first then properties on the outskirts increase after. When prices go down properties on the outskirts go down first followed by the desirable coastal properties which lose value last.