Economic and market uncertainties sent January 2019 home sales down to their lowest level since April 2008, according to the latest California Association of Realtors sales and price report. Since January, the median home price has begun to increase in all Bay Area regions at a slow pace. We are experiencing a rebalancing of the market.
The market is healthy right now, as you can see in our recent sales, representing buyers and sellers with very successful outcomes. Inventory is growing and interest rates are low. If you’re thinking about buying, don’t wait. If you’re thinking about selling, now is the time. Historically, February, March, April, and May have been the best months to take the plunge for buyers and sellers, this year is no exception. 2019 may finally be the year of balance for the Bay Area Area Real Estate Market, and with the market looking as good as it does right now, there’s really no reason to wait.
Get in touch with Lisa atto schedule an info session to learn more about what’s happening in this particular market at this particular time. She’s here to help!