noun: An even distribution of weight enabling someone or something to remain upright and steady.
Although we are not back to a balanced, healthy, normal, market yet we are making our way there. With an expected market time in SD of 62 days and in OC of 66 days, we are no longer in a “Hot Seller’s Market”, but we are firmly in a “Seller’s Market”.
Inventory is hitting a peak = the number of homes available is going to drop. Demand has risen with interest rates dropping from June highs, and the Market Time has even improved recently and will not further slow down for the remainder of the year.
If you’re looking for more information about the real estate performance in many of Southern California’s most in-demand markets, click here to view the Pacific Sotheby’s International Realty IN FOCUS market reports.
Whether you are a first-time home buyer, an interested seller or building your investment portfolio, our reports are your best resource to make smart real estate decisions today.
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