Second quarter activity at Breakers Condominiums was a bit lower than the second quarter last year. While initially dropping in March, sales resumed their upward price trend in place since mid-2022. At the time of this printing, there were 7 active listing and 1 pending listing at Breakers Condominiums. Days on market for all active listings ranges from 16 for the pending unit to over 150. It is even more important to price correctly and present your Breakers condominium in the best possible condition in challenging markets. Additional increases in interest rates are likely into the 3rd quarter, as the Fed attempts to get inflation under control. Overall, inventory in the Galveston condo market seems to be increasing, which may add to downward price pressures.
