"I'm waiting for prices to come down" - It Happened Already!

[Jake Andronico]

At least here in Reno, NV, we saw about an 8-10% reduction in median home prices from the peak of 2022. 

Not shockingly, this happened when interest rates hiked up. But, it's now bounced back from the low of Q1 in 2023 to almost the peak 2022. 

I always tell buyers DO NOT BUY if you're not ready, but if you are ready, waiting can cost you. 

Curious to hear about other markets - did you guys see a fairly significant price reduction and bounce back around the same times?