Single Family Market
The disparity between the number of homes coming on the market and the homes selling continues to grow as we approach the summer months. Clearly, the number of homes sold is lower this year compared to last. The fascinating thing is that despite this disparity and the lower sales numbers, the prices are continuing to rise as we will see (one would expect the opposite). What does this tell us? Buyers certainly have a wider selection of properties from which to choose overall, however, there is still competition for the ‘prime choice' properties in great condition and excellent school districts. Location becomes extremely important in this market place. Again, depends on where your home is located.....
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Steve Mun, Silicon Valley Realtor
www.stevemun.com
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