Opportunity Knocks Now
Key takeaways:
-Sellers are enjoying huge equity gains.
-We are moving towards a more balanced market but are still in a seller’s market.
-Year Over Year transactions have slowed down but are still moving. We are on par with 2019 closings.
-Don’t wait to buy when rates come down….there will be more competition.
-Buy now instead of renting to hedge against inflation and refinance when rates come down.
-The inventory continues to grow and the market times are getting longer. The longer homeowners wait to list, the slower the market will be.
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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