Even if you are not buying any properties until the dust has settled, make sure you are still being informed with your realtor. Data below includes sold homes, new listings, Transactions Fell Through (TFT) and withdrawn homes are gathered here summarized for all five MLSListings’ Counties in this graph.
Homes are still being sold and new listings were 24% less than last years. Biggest drop is looking at withdrawals (homes being taken off the MLS) we see a 87% decline comparing last year’s number. With this tighter inventory this means less competition for qualified buyers that are in the market now. For buyers, there are still a lot of homes being sold, only a negative 12% dip from last years homes that were sold in these 5 Bay Area counties.
These withdrawals do not include pocket or off-MLS listings which we have available for our clients only.
– At Intero, the largest brokerage in the SF Bay Area, we can provide opportunity for some who have been squeezed in a previously tight market with private listings so you can take advantage of low mortgage rates.
Feel free to discuss & schedule a Zoom meeting, I’d love the opportunity to share my inside knowledge with you! Be well & let me know if I can assist in any way.
Lynne (831) 346-2743 text/voice