The region's residential real estate industry has generated $4.8 billion less in transaction volumes this year than last
sharp contrasts
Home and condo sales are down by about a quarter in June compared to where they were the same month a year ago – 4,109 this June compared to 5,472 last June, according to the latestFor the first half of the year, there were 21,534 homes sold compared to 28,027 in the first half of 2022 and 30,433 in the first half of 2021. The region’s residential real estate industry has generated $4.8 billion less in transaction volumes this year than last.
“There are many would-be buyers out there who will be ready to jump in once rates start to decline. Now if only we had a crystal ball and could determine when that may be,” said Libby Levinson-Katz, chairwoman of the DMAR Market Trends Committee and a Realtor, in comments included with the report.
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