Rom’s Nov 2022 Real Estate Opinion

Rom’s Nov 2022 Real Estate Opinion

Okanagan Market Prediction The month of November is following in the tracks that we expected it to. The first quarter of 2022 saw a huge price increase. The second quarter saw a 10 to 15% price drop. Past to Present November Since then it’s been flat as a pancake....
Rom’s Oct 2022 Real Estate Opinion

Rom’s Oct 2022 Real Estate Opinion

Okanagan Market Prediction The market in the Okanagan for October is responding pretty much the way we anticipated. It continues to “Stabilize” or flatten out.  We are starting to experience the seasonal slowdown that we experience every year at this time....
Rom’s Sept 2022 Real Estate Opinion

Rom’s Sept 2022 Real Estate Opinion

Okanagan Market Prediction The keyword for this month is stabilization. The absorption has stabilized, prices have stabilized and inventory has stabilized. There are some interesting things going on in this correction which is keeping this market stable and putting a...
Rom’s August 2022 Real Estate Opinion

Rom’s August 2022 Real Estate Opinion

Okanagan Market Prediction Whether the market direction is changing from down to up or up to down, trying to predict the immediate future of the market is like trying to hang glide with a frisbee. There is just not enough new data yet. Going Up The absorption in the...