First Quarter 2024

Through the first three months of 2024, the market is mixed–some segments are down, some are up. Sales of homes and land are down, but condos, multi-family and commercial are up. 2023 was a year of retrenching and stabilizing after the red-hot market of 2020-2022. What will the rest of 2024 look like?

The Full Year 2023 vs. 2022

2023 turned out to be a year of retrenching. Compared to 2022, sales were down markedly, with the number of sales and the dollar volume down in all categories of property. In all but a few cases, sales were below last year’s in every month. For the total market (all categories of property), the number of sales was down 28%; dollar sales were down 31%.