Recession worries have been the talk throughout the second half 2022. And as many dont want to admit, the numbers speak for themselves...
Closed home sales are down 31% compared to 2021
Pending homes are down 24% since 2021
Sales volume is down 17% since 2021
Average days on the market is up 8% since 2021
Sales volume is down 18% since 2021
(If it looks like a duck, if it sounds like a duck.... Its a duck).!
Folks we are in a housing recession and have been for the past 4 months!