Second quarter activity at Diamond Beach Condominiums increased from one sale to two over the same time last year, as the low inventory trend continues. The sales prices dropped from last quarter’s sale. Days On Market for second quarter sales grew to an average 92 days indicating demand for Diamond Beach Condominium units at current pricing appears to be slowing. As noted last quarter, the upward pricing trend has now abated and given continuing economic headwinds for buyers in the form o f higher interest rates and tightening credit conditions may be the beginning of a downward trajectory. It is imperative to price correctly and present your Diamond Beach condominium in the best possible condition in these challenging market conditions.
