Real estate sales were on an even keel last week, but it isn’t exactly what could be called a strong “Spring Market”. Yes, nearly twice the number of listings over the same time frame last year, but has the number of sales increased significantly over the past few months? Not really. Interest rates are still quite good at less than 5%, so we’ll see how June shapes up.
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In my nearly 30 years of experience, I’ve observed that there are so many activities occurring in June that real estate sales are slow. Graduations, both college and high school, weddings, Father’s Day, the start of vacations, kids going to summer school and/or summer camp — just a whole slew of activities that reduce interest in real estate. Then by July things settle down and sales go up, as people (families) prepare to buy before school starts. It’s a pattern I’ve seen over and over.
For sellers, it can mean a long frustrating wait for a sale — so if there is a serious need to sell, it’s time to get aggressive with pricing. For buyers, if not dealing with any of the common June activities, it’s a good time to buy with less competition!
Buying or selling, give me a call and we’ll plan for success! You can reach me at (805)937-5777 or complete the Contact form below. Time to get moving! 🙂