It’s important to keep up with real estate trends if you’re looking to buy or sell. January’s housing market is likely to mimic December’s, which is good for sellers but not great for buyers. This post features Santa Barbara’s real estate market trends for December 2022, year-to-date statistics for the year, plus market trends for the last decade.
Housing Market Predictions for 2023 Source: Forbes
Whether you’re a buyer or a seller, it’s important to have a clear sense of what the housing market looks like. And while we can’t say for sure what the real estate market has in store for 2023, As such, here are a few things you probably can anticipate.
- Inventory will remain limited.
- Mortgage Rates will remain high.
- Sellers “might” see lower profits but they’ll most likely profit nonetheless
SOUTHERN SANTA BARBARA MARKET TRENDS FROM 2013 TO DECEMBER 2022
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