Our crystal ball for 2023 is murky as the Lamorinda real estate market appears to resemble a teeter-totter! 

• Q1 will be remembered for rate-locked sellers (interest rates too low to give up) and no inventory.
• Q2 has seen the return of inventory and multiple offers for the perfect house in an A+ location. 
• Multiple offers and prices within 7% of the top of market are music to a seller’s ears, so inventory is coming back! 
• However, a big increase in inventory could change the tide from a seller’s market back to a buyer’s market as prices will calm. 
• The moment prices calm, sellers will retreat and decide to stay rate-locked. 
• This means inventory will be tight again and we will go back to a seller’s market. 

If you are a buyer or seller, we recommend you buy or sell and live in the land of reason! If fear and/or greed come into play, this teeter-totter of a market will knock you off quickly! We are here to advise you and help make sure you don’t fall off.