It's currently a home sellers market in California due to the low inventory of property listings. Home sellers should take advantage of the multiple offers and over appraised value offers that are coming in. If sellers wait and interest rates go up a bit, the real estate market will adjust and they will have missed their chance to capitalize on the low inventory and multiple offer situation.
“The demand for homes remains solid, but a shortage of homes for sale, especially in the lower-priced segments, is negatively impacting housing sales,” said C.A.R. President Don Faught. “Sales of homes priced above $500,000 continue to be strong, posting nearly 31 percent higher than a year ago, while homes priced below $300,000 were down 27 percent from last February due to fewer available homes for sale.”
Read more: http://www.car.org/newsstand/newsreleases/2013releases/febsales
“The demand for homes remains solid, but a shortage of homes for sale, especially in the lower-priced segments, is negatively impacting housing sales,” said C.A.R. President Don Faught. “Sales of homes priced above $500,000 continue to be strong, posting nearly 31 percent higher than a year ago, while homes priced below $300,000 were down 27 percent from last February due to fewer available homes for sale.”
Read more: http://www.car.org/newsstand/newsreleases/2013releases/febsales
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Lisa Aguilera, The Aguilera Real Estate Team
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