Home prices are "going down." But is it seasonal?

As discussed last week, the real estate market is shifting and a "slowdown" is upon us. But one of the major quirks of the housing market the past two years is that seasonal slowdowns basically haven't happened, whereas in a normal market, things do slow down in the fall/winter. In other words, in a normal, healthy real estate market, housing prices go down during the fall/winter months, and then increase in the spring/summer, with a net increase year-on-year from one summer to the next. So as the market shifts, how can we tell if prices are decreasing in a healthy or unhealthy way? How much of what we see and will see in the future is seasonal or something else? Those are the questions we set out to explore in this week's episode of Selling Greenville.

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at smccune@cdanjoyner.com.