Prices Are Rising, Inventory is Low … A Great Time to Sell Your Home?

AA014364Been thinking about selling your home but waiting for the real estate market to improve?  Well, according to The Huffington Post home prices in California are on the rise.  This summer housing prices have increased by more than 30% in California and 7% nationwide.  This is good news if you are thinking of selling.  Furthermore, the overall inventory of homes on the market is lower than normal.  Which means there are few homes available for sale which equals less competition for those quality home buyers.

Leslie Appleton-Young, the California Association of Realtor‘s vice president and chief economist, believes the slight uptick is a good sign. “The inventory is the big thing. That’s the most important leading indicator for the housing market,” she said.

All around the state double-digit-percentage price gains were the norm. This has been the trend for several months, as supply of low-priced foreclosed and short-sale properties have dwindled. “They’re gone, they’re gone,” Appleton-Young said. “Investors have really picked that market clean.”

home-pricesriseAs home prices continue to rise more owners may decide to put their properties up for sale, but this summer’s inventory level is still well below the six-seven month supply considered normal.

If you are thinking of selling or your home or want to purchase a home before mortgage rates increase then call your real estate experts at Pro Edge via the web, by phone (831) 438-3343 or send us an email. We are a full-service California Realty company. Our services are extended to Santa Clara, San Mateo, Santa Cruz Counties, & surrounding areas, as we offer the best quality of Real Estate Property Management and Sales for every customer. We are trustworthy, customer-oriented, technically advanced, and above all, knowledgeable in the great field of Real Estate.

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