Agents are lining up to get a house to hold open – any house will do. Low housing inventory continues to be a problem for both Mid Silicon Valley home buyer and realtors.
We still see some houses sit for a time so keep in mind pricing is still the number one most important consideration.
The number of listings for March Mid Silicon Valley is up to 187 from 137 last year – good news but still not enough to make a significant difference to equalize the market between buyers and sellers. The economist for the California Association of Realtors was expecting more inventory this year than last – she was right, so far, on that.
Look at the number of sales: Up slightly compared to 2016 – more inventory, more sales. The increase in inventory is right on time as we expect each March/April.
Our office has a lot of listings coming up. Lately, the office meetings have been quiet when it came to announcing new listings. This week was far different. I would guess that it’s the same in other offices. I think it’s safe to say that we’ll see more houses for sale this month.
Thanks for taking the time to read this article. Feel free to leave a comment in the message box below, or to share this article on social media with someone who might benefit from it. I appreciate your time and am always open to questions, suggestions and ideas from our readers. Feel free to contact me by phone/text at 650-888-9268 or anytime at [email protected].
I help home buyers and sellers in Mid Silicon Valley focusing on the cities of Foster City Homes and Condos For Sale, Redwood City Homes and Condos For Sale, Redwood Shores Homes and Condos For Sale, San Carlos Homes and Condos For Sale, San Mateo Homes and Condos For Sale.
As always, if you have any specific questions about the market or if you need help buying and/or selling real estate in the Mid Silicon Valley area, let us know; we would love to hear from you. If you’re interested in buying a home, put on your shoulder pads and helmet and get out there.