Prices are Cooling- Not Crashing! - From A Real Estate Agent

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Here's what the media won't tell you about a real estate crash.

Now, keep in mind, this is based on actual closed sale prices, which is a big difference from listing prices.

Prices cooling off, which is normal and healthy for the market, would be around 10% lower than the last full price. A more severe pullback would be about 20%. An actual crash in home prices would be 30% or more. A crash also means that prices would fall fast.

Now, the media uses the term crash because it gets more attention, which is what drives their business. But based on the data, the likelihood of a crash is low.

Adrienne Realiza, Realtor | Fast Agents x eXp Realty | DRE 01465172
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