Summer 2022 market conditions

Looking back on the past Covid fueled years of market growth it seems we hit a deflection point in early May 2022.  Quick research is still turning up sales with healthy levels, but activity has dropped off considerably.  A well priced home that hit the open market in Spring would have a half dozen or more offers… and that same home now is getting few showings and no offers.  It’s time to ramp back expectations by 10-15% in an attempt to capture the buyers that are waiting in the wings.  Time will tell how the market reacts to this speedbump…