If you’re curious about what market conditions are like in the early stages of 2019, my latest market update will tell you all you need to know.
It’s time to look at how our market is performing so far in the early part of 2019.
Let’s get right to it: As of now, our active inventory is at 557 homes throughout Santa Clarita Valley and 361 home sales are either pending or in escrow. Year to date, there has been a total of 288 closings.
As you can tell, our market is experiencing a general upturn, with more homes in escrow than what was true of the same time last year. However, active listings haven’t budged much from where they were a year ago.
Interest rates have been tempered as well. In fact, we’ve seen some conventional loans as low as 4.5% as well as FHA and VA loans situated at 4.125%.
The marriage of amazingly low rates and our active listings leveling off—which means homes are still selling well—is encouraging for the strength and stability of our current market. This is to say that there are still moves to be made and plenty of opportunities to secure the best deal possible.
If you have any questions related to our real estate market and how it affects your personal situation, don’t hesitate to reach out. Put us to work for you!