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January 2023 Hi Desert Real Estate Market Update and 2022 Year End
Greetings Real Estate Fans, A new year, a new market. Needless to say, things have slowed way down in the last six months in our Hi Desert real estate market. Word around town is many Short Term Vacation Rentals (STR) are vacant with little future bookings. Since a large part of our market was dominated by these buyers, I would expect to see both a slowdown and a raising inventory. We are seeing both. The weather has been colder and wetter than the last few years. I expect this is also having an impact on our market. For me, two items in this report tell the tale. First, until January…