Almaden Valley Market 2022 in Review

The Almaden Valley single family residential market ended 2022 on a quiet note. The beginning of the year showed dramatic price increases but the gains were given back by the end of the year. Increasing interest rates and the economic climate also affected buyer enthusiasm. Although inventory increased quite a bit from 2021, we did not see a similar dramatic increase in home purchasing. This could very well be signaling a return to a more normal market balance between sellers and buyers. If you’re thinking now might be the right time for you to buy or sell, give me a call!