The Housing Market Remains a Rare Bright Spot

 

The housing market remains a rare bright spot, despite a slow recovery in the economy. Rather than slowing down for the winter, the housing market in California is showing signs of accelerating as we enter December. Both the backward- and forward-looking indicators suggest that November and December will maintain the double-digit pace in closed sales and that prices will be up by more than 10% this year and home buyer demand continues to remain at least 20% ahead of 2019 levels, according to the California Association of Realtors ®.

There are still many interested qualified buyers, motivated by historic low interest rates, which continues to fuel the high housing demand.  In addition, with a continued low inventory of homes for sale, this is resulting in, most homes selling quickly with multiple offers. If you are thinking about making a move, please contact me. I would be Honored for the opportunity to service your real estate needs.

Posted on December 9, 2020 at 6:24 pm
Michael Galieote | Category: Uncategorized

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