06/08/2026
Why Price Drops Aren’t a Crisis 📉
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As price reductions have been climbing in our Coastal Bend market, I wouldn’t call it a market collapse — it’s a market correction. 2% interest rates spiked home prices from 2020-2023. Interest rates jumped to as high as 7% 2023-2026 but the home prices were still at their spiked level! Now we’re in a market where interest rates are 6-6.5% and we’re experiencing listings moving slower, no chaotic reason to move, and life continuing on. The sellers who priced right at listing aren’t the ones doing price decreases. It’s mainly homes that are still trying to grab hold of what was happening 2020-2022. That data is obsolete at this point when it comes to pricing to sale in 2026 📈
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