In 2023, the overall number of homes sales experienced a significant drop.
This resulted in a notable decrease in total sales dollar volume compared to the previous year.
Sales figures varied, with declines ranging from -6% in Carmel West to -80% in Big Sur, which only recorded 2 sales.
Despite consistent sales by quarter, inaccurately priced homes and reduced demand have contributed to a buildup of days on market.
Discover where real estate inventory is struggling to meet demand and where market conditions have led to an increase in days on market.
For a comprehensive analysis, explore the December 2023 reports and compare monthly and annual changes on our website: https://bambacepeterson.com/market-reports .
The Bambace Peterson Team
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