Why Our Spring Homes Market Looks So Promising

Following an already busy start to the year for our local real estate market, there have recently been some national indications that a great spring lies ahead of us.

Last week the National Association of REALTORS® reported that existing home sales were up by 11.8% in February, in comparison with the previous month.

While some of this improvement is seasonal, there is unquestionably an underlying development that is having a beneficial effect on sales levels - mortgage rates, which recently fell to the lowest levels seen in over a year.

There is also more inventory of available homes for sale in the market, which buyers will welcome as it means more choices than have been the case in the recent past.

Against this backcloth, incomes are rising and there is generally higher consumer confidence.

It all creates an excellent sales environment for anyone considering listing in the coming weeks.

And when you factor in that our local market is still very resilient in terms of some of the negative trends that have been seen elsewhere in the country, it all bodes extremely well for a great spring home selling season.

Why not contact us today on 650-947-4787 and discover how we can help you make the most of this very encouraging situation.

Best wishes
Dominic Nicoli