Our market is shifting, but what does that mean for you? Keep reading to find out.
We haven’t done a market update in a while, so I wanted to get one to you today about what’s going on right now in our local and national real estate markets.
In Santa Clarita, there are about 690 active homes on the market right now that are available for sale. Over the last 30 days, there have been 262 home sales.
If we look at the numbers over the last few months, we’re beginning to see a pattern of leveling out. We’ve been so used to extreme highs and lows over the past decade, but every sign is showing that the market is balancing out now. This normal, “boring” appreciation between 2% to 4% a year is good news for our market overall.
We don’t exactly know how long this is going to last, but because our low inventory is gradually increasing and interest rates are bumping up slowly, we’re in a very equal and balanced market.
In any shifting market like this, there is opportunity for everyone. Whether you’re looking to move up, move down, invest, or buy your first home, there’s opportunity out here as long as you know where to look.
If you have any questions for us about how you can take advantage of this market, don’t hesitate to give us a call or send us an email today. We look forward to hearing from you soon.