Local Inventory Levels Falling
Did you notice? As consumer confidence and the number of home sales recently increased, the number of homes coming to market fell?
If homeowners believe that the economy is improving, they will often decide to wait for a better market and/or higher sales prices to put their homes up for sale.
We believe that there is a great risk of the Palo Alto/Los Altos area real eastate market softening in the near future. This will be a natural result of the continuing recession, residential and commercial foreclosure problems, and a “jobless recovery”.
Our advice for those thinking of selling is to do so as soon as practical.
Jeff Stricker & Steve TenBroeck