Hello Everyone,
Small but steady gains in inventory. Marin real estate market steady. Definitely not in the tank as some publications would have us believe. Percentage in contract in most price ranges of SFR's and Condo's continues to increase. Although all segments remain in buyers' market territory, the steady increases promise to push them into balanced or sellers' market territory before too long. Lots of buzz around town from agents discussing recent increases in market activity. Market will take a bit of a break this week due to the Easter holiday. Meanwhile, SFR's down 31% on YTD units sold from this time last year, a couple of points off from last week. I don't think it is a trend. Let's see what happens in the next couple of weeks. Condo's at -41% on YTD units sold versus last year--- about a 6 point improvement from last week. This one is and has been a trend for several weeks--smart buyers taking advantage of low prices and lack of competition. Window of opportunity for buyers with good credit continues, but won't last forever! Sellers who have been holding their homes off the market, waiting for conditions to improve may want to consider sticking their toes back in the water now or in the near future before everyone else does. Improved market represents good opportunity for sellers.
More next week.
Until then, best wishes to all,
Fred
p.s. for access to spreadsheets please visit http://www.fredanlyan.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment