December 2024 Hi-Desert Real Estate Market Update

Happy Holidays, Real Estate Fans!

The Holidays are upon us. As usual, this brings our real estate market almost to a stop. With the cooler weather and lots of traveling, it seems every year we slow around this time. You might say it is tradition!

Attached is the December Update. Since it is the holidays, I am not going to bore you with opinion. We can all read what the numbers tell us. Instead, I would like to offer you hope. I am an optimist. Hope rolls off my tongue easier than despair. Sure, this year will end with some of the lowest sales seen, nationwide and locally. But on the high side (pun intended), we continued to see prices increase. Good for Sellers, bad for Buyers. We are seeing mortgage rates move all over the place except down. But the next year shows hope for lower rates. Inventory is at an all-time high. Good for buyers, bad for sellers.  With big inventory we should see price drops. Again, good for buyers, not so much for sellers. With so much yin and yang, next year promises to be very interesting. You can count on me to keep you abreast of the math for our local market. If I know, you will know.

I would like to thank each of you for your continued support and confidence. I appreciate your kind words through the year. I appreciate the dialog I get to have with many of you through the year about our local real estate market. I am blessed beyond measure with a fantastic group of clients and investors who keep me on my toes and make me a better Realtor. Many of you have referred family and friends. This trust is not taken lightly. I am proud to do my best for anyone you send to me.

For me, it’s Merry Christmas. Whatever holiday you celebrate this season, I hope it is filled with family, friends, smiles, hope, and good cheer. I hope next year brings success to your real estate goals. Thank you for blessing my life.

Sincerely,

Bob Armstrong
(760) 221-2999
DRE #01275801
GREEN Real Estate Group