Detailed Charts of the LOCO housing stats from September are here.
Here is what you need to know.
– Median Sales Price – there were no drastic price drops. Most areas are still above where we were this time last year and in the areas where prices are lower, it is minimal.
– Days on Market are up. This means, it will take longer than 3 days to sell your home. Plan and price it accordingly. And do the things that will make your home stand out from the rest.
– Inventory is up. There are more homes on the market now, which gives buyers more choices and sellers more competition.
The data is showing that we are in a more balanced market and homes are STILL SELLING. It just isn’t happening at lightening speeds. Call me to talk about your situation and we will plan it out.