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Happy 2023!
Yes, 2022 was challenging. Our real estate market was in a frenzy, and prices likely peaked in June or July. With the stock market and interest rates traveling in opposite directions by late summer, buyers had to reevaluate their borrowing and buying options.
Thankfully, the market felt more settled by the end of the year, and we expect 2023 will continue with a more normal seashore market.
Looking forward to a productive new year!