Everyone is asking what is happening with the real estate market. When the market changes, it changes on a dime. Sellers have finally realized (perhaps a bit late) that the market has reached its peak. More properties have come on the market this fall giving buyers a much better selection of homes; they can be more picky now. Some overly exuberant sellers have priced their properties too high, thinking that the market would keep going up and now they are …
Carol Solfanelli | Compass | DRE License # 01347033 |
415-297-7031 | carol.solfanelli@compass.com
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Top 1.5% of 1.6 Million Agents Nationwide
2022 Real Trends America’s Best Real Estate Professional
Top 1.5% of 1.6 Million Agents Nationwide
Tag: cooling real estate market
Something is changing a bit in the real estate market. I am seeing more price reductions, properties staying on the market longer, agents hesitating about having offer dates and properties coming back on the market. This is usually a sign that the market is changing. Of course, it is the summer and people are away on vacation so this sometimes slows things down a bit. I am also hearing that east coast markets have slowed as well as southern California …
Now that the holiday season is here, I have been attending a number of parties and not surprisingly, people want to know what is happening with the Bay Area market. At Pacific Union we have an economist, Selma Hepp, who serves as a great resource to help advise our clients. She formerly worked at Trulia, California Association of Realtors and the National Association of Realtors. Two conclusions from Selma: • The supply/demand imbalance in the market of recent years in …
In the last two weeks, a substantial number of properties have come on the market. The Broker’s Tour outlines the properties agents can view on a given Tuesday in San Francisco. It literally doubled in its number of pages from about 14, which it has hovered around this past year, to 28 pages the second week of September! My buyers who were frustrated by not finding any properties they liked suddenly jumped off the sidelines and started writing offers. One …