Local real estate agent gives outlook for 2023

Source: WBRC — 

BIRMINGHAM, Ala. (WBRC) – 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting.

“It has been a crazy, incredibly competitive market,” said Nicole Ceravolo, realter with Sold South Realty. She said price hikes are just now starting to slow down.

“Over the past two years, we saw a crazy just rise in home prices, and the price of homes is going to continue to increase. However, it is going to be at a much slower rate than what we’ve seen over the past two years. So nothing to be scared about at all,” Ceravolo said.

She is a realtor in the Birmingham area. She said she jumped into this real estate area recently, and the past two years have been a learning curve.