The real estate market in the U.S. is still going strong, but each area or micro-area can be experiencing a different real estate climate. With interest rates low, buyers are still out there looking to buy while they can qualify for the lowest mortgage rates in our history. The challenge for the buyer is the inventory of homes for sale. Yes, we have a shortage of homes on the market which means buyers are having to compete for the same home often, with offers over asking. In order to succeed in this market, you need the best real estate agent you can hire that will not only represent you and negotiate on your behalf, but one who knows how to get creative and can advise you on the best way to stand out of the crowd. I know how to help you so please reach out.
The following graphic shows you the current real estate statistics for Contra Costa County. Most noteworthy is that the Median Home Price rose from May until June by 8.8%, yet Home Sales are down by 7.9% and the Average Days on Market is a whooping 14 days! Buyers are forced to act fast, as by time a listing hits the market, its nearly sold!
Reach out to me to get the latest and I would be happy to help you determine your real estate goals and how to achieve your dream home. Call or email me today.