That was normal mid 2020 thru mid 2022, but now it’s slowing down.
It was horrible that we had such low interest rates for a few years. Houses had multiple bids within a day. Prices went up and up. It’s terrible.
We had a similar situation 2002 they 2005, and then finally that bubble began to burst.
My husband thinks prices won’t go way down like 2006,7,8, because unemployment is still very low now.
We’ll see.
Prices are flattening or going down a little now, and days on market is longer than last year. More properties on the market compared to last year also in most markets.
There are pockets around the country that are still going very fast, and some are slower, but that’s true at any given time.