Fewer showings than in the first week of January?

Well, the market was cooking right up to Christmas and then fired up quickly again this year, which created a solid 12-month frenzy.

But now there are fewer showings than in 2019 too? How did that turn out?

You can say it was a little flat, price-wise:

Whether it’s due to ‘seasonality’, higher rates, lower inventory, blah, blah, it doesn’t matter.

The remaining buyers left have to be exhausted – losing bidding war after bidding war takes a toll, and by now people want to give up.

Welcome to Plateau City.

There will still be eye-popping sales, just not as many.

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Another data point showing the frenzy lift-off in May, 2020