theDirt Monthly (September 2023)

The trend from last month continues with fewer closings, decreasing listing prices, decreasing closing prices, increases in inventory, and longer time on the market. Barring some extreme event, I expect this trend to continue over the next couple of months. However, I expect price decreases to moderate with a squishy floor around current levels as the Law of Diminishing Returns takes effect with additional interest rate increases.

theDirt Monthly: Burnt Steaks and the Economic Chef (September 2023)