Seasonal dormancy has officially begun with inventory being pulled off the market and little new property listing activity. Still, listing counts remain higher than usual (compared to recent years). Prices are starting to drift lower (again, something typical in winter) as sellers become price-takers when motivated enough. Despite low activity, we’ll continue looking for clues to market strength/weakness as it will be the basis for activity in the spring market, barring some change in the geopolitical or broader economic landscape.
