Real Estate November 17, 2022

Is this the right time to buy real estate? #1

Whenever I meet buyers, this is the most common question I get these days.

And I understand the concerns. So I would like to provide my take on the current market and why I believe this is the perfect time for buyers.

Let’s look at some factors and stats as I cover this topic in a series of blog posts.

First, months of inventory.

This is the first time in a long while(in fact first time since 2012) where months of inventory has risen to 4 months in our local areas. 6mo is considered a balanced market where the supply of new listings and purchases are “balanced”. So it is technically still considered a seller’s market, but that is the Bay Area where demand exceeds supply perpetually. In reality, It has never been so buyer friendly in quite a while.

Months of inventory, Santa Clara, San Mateo, Alameda Counties, residential properties

There are great properties on the market, in every price range and buyers can actually negotiate instead of going into a bidding war!

So contact me if you are interested in any property and want to learn more about the current market.