Spring has Sprung!...and it appears the Real Estate Market has too!
After several months of sketchy numbers related to local market, we're starting to see some signs of the market picking up!
Inventory is still at record lows, but we saw increases in both Sold properties and Pending homes for sale, which are both really good indicators showing activity increasing.
The average price per square foot increase substantially after several months of seeing declines.
We also saw the list price to sold ratio continue to climb for the 2nd straight month!
Overall it appears that we are headed in the right direction, interest rates have recently lowered which has allowed more buyers into the marketplace, however, we are still experiencing extremely low inventory.
Whether you're planning on buying or selling a home, it's a great time for both!
We would love the opportunity to assist you with your real estate goals. Feel free to give us a call at 855-Tom-Daves for a free strategy session.
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Tom Daves Team l Phone: 916-900-0118 | CA DRE #00581837
eXp Realty of California Inc. and CA DRE #01878277
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