Are You Ready for A Buyer’s Market? So Cal Listings up 34% in 2018
The domino effect is more price reductions, more days on market, more listing inventory and higher interest rates – the market is definitely shifting – If you’re a buyer – the time to buy is NOW! With the holidays approaching, many get into holiday mode – sellers will wait until after the holidays to put their properties on market.
The listings currently on market will try and beat the new inventory coming in Jan 2019, so buyers will see price reductions and possibly more negotiating in their favor.
Los Angeles County: 31 more days to sell, to 96 days, as supply rose 25%. San Bernadino County: 29 more days to sell, to 101 days, supply rose 17%.
Sellers looking to sell – the time to sell is now, the 2019 market will be a lot different than it has been in 2014 through 1st qtr of 2018.
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