June 2023: Real Estate With a Twist

2 min readJul 16, 2023

Here’s the Story:

Did hunkering inside during last week’s orange haze give anyone else flashbacks to 2020? That was an unexpected twist this spring. Here’s another: the “prime” spring real estate market is weak. But properties might pop up when you least expect them. Read on.

Down to the Nitty-gritty:

In the past, real estate followed seasonal patterns. In spring, buyers had a wider range of choices, and sellers could expect higher sales prices. But the market deviated from that norm. April 2023 marked a 6.4% decline in sales volume from the previous month and a 27.4% drop since April 2022. Economic conditions, interest rates, and job markets are overshadowing the typical seasonal patterns of the market. And while inventory is currently tight in a time we would otherwise expect a glut, as lifecycle events like work relocations and new babies push people to make a move, we anticipate more properties hitting the market — though maybe in a less traditional time of year.

What’s the Takeaway?

The pandemic changed more than just our tendency to hoard toilet paper. It’s had a profound impact on many aspects of consumer behavior. Real estate buyers are less flexible than in years past, more assertive. They’re looking to make a purchase that meets their specific needs, and this, more than seasonal trends, has become the dominant influence on the dynamics of the market. Have questions about how you fit into this new world? Give us a call!

The Gabriele Moment

Many thanks to everyone that joined us for our spring party! It was such a blast having clients, colleagues, and friends come together to enjoy the fabulous weather, yummy bites, and great conversation. Shoutout to Robert Reffkin for taking some time away from running his #1 company of 30,000 agents and hanging out with us. Can’t wait to do it all again next year!

Refer A Friend!

Help us help your friends. Make an intro. We’ll take care of the rest.

Connect with Gabriele Sewtz