It’s been a while since our last Big Bear Real Estate stats update, with lots of changes along the way! We moved over to eXp Realty in the Spring, just before the market started picking back up for the summer. The number of sales is definitely lower than last year (primarily because of increased interest rates and over-all concerns about the economy); but well-priced homes are still moving quickly (often with multiple offers). While looking at the avg. sale price and SP/LP ratio, it is definitely more of a buyer’s market than it has been for the last 3 years; we are currently at 313 active single family residences in the MLS, which is still only about half of where we normally were at this time of year, pre-pandemic.
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Have a great week!