Surge of New Listings in Palo Alto and Los Altos
The Fall Real Estate Market Has Returned
For all of you buyers who have been waiting for the right home to come onto the market, you are in luck. This month we have seen a surge of new listings.
Take a look at the chart below. We decided to track new listings and home sales for the first ten days of the month in 2010. As you can see, the sales are fairly consistent from month to month. But, the inventory of homes for sale fluctuates greatly.
What does this mean to you?
Buyers: if you are looking to purchase a home, the greatest number of homes come on the market in the early Spring and early Fall. Be ready to act quickly and sign-up to receive auto alerts.
Sellers: If you have flexibility on when you need to sell, consider listing your property 2-3 weeks before the historical surges in new listings occur. With a lack of inventory, there is likely to be pent-up demand. If you have any questions about the process of selling your home, please consider setting up a complimentary appointment with us. Our detailed market analysis and personalized recommendations on what you can do now to increase your homes’ appeal to potential buyers is a complimentary service we offer.