After reviewing the data from home sales and inventory from the first quarter of 2017, we are pleased to report that the market remains SUPER HOT! Here’s what contributes to that assessment:
- The NASDAQ, Dow and S&P are at or near record highs, meaning the overall consumer confidence is high
- The Silicon Valley job market remains extremely strong, contributing to local consumer confidence
- If you review every March for the last 14 years, you’ll see that this March held the lowest inventory of all 14 years. Houses are in demand, with many buyers bidding on the same home.
- As is normal, the market for entry level price ranges in the whole area is better than the luxury home market
In conclusion, because the market is so incredibly hot, you need experienced Realtors to make sure you get the best guidance for your real estate transaction. Call Steve at 408-391-4465 or Christine at 408-858-5587 for a consultation regarding your individual needs.
All our best,