Market Update 4.8.2021
The market is just not normal right now as those of you trying to buy a home have experienced. You keep writing offers with the most minimal terms and the highest price usually over asking only to be one of several buyers vying to "win" (sometimes 30+ received on one single property!) The frustration is bound to set in and you may find yourself saying you will just wait but what is the projection if you wait? In the latest Orange County Housing Report in the link, Steven Thomas predicts that waiting can cost as much as $502 per month.
The current active listing inventory is increasing every day which is great news! Now more than ever is the time to stay focused and keep your eye open for your dream home. If you or anyone you know are interested in buying or selling this spring, let me know. We are very aggressively monitoring the market to keep you updated on fair market value for our sellers and to alert our buyers of properties coming soon...even before they hit the market! The key to navigating the market now is to not give up. Thinking of getting involved in a transaction? Contact us to discuss - we'll help you strategize how to take advantage of the current market conditions.
With all that is going on, we are very thankful for the opportunity to assist you with your real estate needs and look forward to hearing from you again soon.