Homes for Sale – Spring Sales Cycle Building
More homes for sale are beginning to hit the market in Danville, San Ramon, Dublin, Pleasanton and surrounding areas. The number of homes on the REALTOR tour sheet last week in Danville and San Ramon was up 33% from the previous week. This seems to be true for the Dublin/Pleasanton tour also.
We have new listings coming on this week in both Danville (Greenbrook) and Dublin (Creekside). This is a great time for sellers to get their homes on the market – at the beginning of the Spring home selling cycle.
Homeowners that wait too long to list their homes for sale this year run a risk of being caught in the middle of a shrinking buyer pool as mortgage rates are expected to rise by May/June and this will put many buyers back on the fence. It may take three to 6 months for many buyers to realize that the days of 5% interest rates are gone for good.
Homesellers caught in this dynamic will be wishing they had listed their home earlier in the year and negotiated a longer closing date to accommodate their time schedule needs. Also, people relocating to the area are already beginning to contact us and other real estate agents to make preparations for moving when the kids get out of school.
If you are thinking of selling your home this year, gives us a call to discuss the “realities” of the current market in your neighborhood.
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Email John if you would like to know more about buying or selling a home or condo in Danville, CA (925) 895-2694
One Comment
I hope your wrong on the rate hikes. Although I think it is true rates atre going to go up. The fed is not going to keep supporting the mortgage market as it has.
Let hope that it doen’t go up too much.