It was pretty slow in the Powell River residential real estate market with sales at 11 in December compared with 32 and 28 the last two years. As a seasonal low, it’s not the lowest, but among them. New listings were at 19 which is lower than last year at 25 but reasonably comparable to other Decembers. People have their minds on other things in December! The market is solidly advantageous to buyers right now and some are making good deals. Prices in the fourth quarter of 2022 are down 17% from the third quarter. Demand is still high, meaning there are lots of buyers in the wings waiting right now. Holding back the demand are high interest rates and uncertainty about how long prices will continue to drop. My feeling is that when interest rates start to come down possibly later this year, to many, that will signal that it’s time to buy and we’ll see upward pressure on prices once again. It should be an interesting year ahead!