Inventory has increased at The Dawn Condominiums with 6 active units and 1 pending unit at the time of this printing. The 2nd quarter saw no sales, and all but one of the active units at Dawn Condominiums was listed in the 2nd quarter. Dawn Condominiums are a popular vacation rental spot, so a slower sales trend in the summer is understandable, as it can be tough to get an appointment for popular rentals. These challenging market conditions highlight the importance of pricing your Dawn condominium correctly and presenting it in the best possible condition. Additional increases in interest rates are likely into the 3rd quarter, as the Fed attempts to get inflation under control. Overall, inventory in the condo market seems to be increasing, which may add to downward price pressures.
