over 1 year ago
Market Update August 2023 part 1
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Despite recent falls in our local market, we are still seeing housing values markedly higher than they were at the start of the Covid-19 pandemic. Remembering that in our history we had the sharpest upswing in house value on record. Sales volumes surged, however the continued rise in interest rates soon converted this to the largest and fastest downswing on record.
Our team are observing a 5 to 10% drop in prices from June 2022 to July 2023 and our annual sales are down 5%.
Remember, we're in this together, and we're here to help you make informed decisions.
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